MCBC Ex-Dividend Reminder - 5/12/15

Looking at the universe of stocks we cover at Dividend Channel, on 5/12/15, Macatawa Bank Corp. ( MCBC) will trade ex-dividend, for its quarterly dividend of $0.03, payable on 5/29/15. As a percentage of MCBC's recent stock price of $5.25, this dividend works out to approximately 0.57%, so look for shares of Macatawa Bank Corp. to trade 0.57% lower — all else being equal — when MCBC shares open for trading on 5/12/15.

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Below is a dividend history chart for MCBC, showing historical dividends prior to the most recent $0.03 declared by Macatawa Bank Corp.:

MCBC+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MCBC is likely to continue, and whether the current estimated yield of 2.29% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MCBC shares, versus its 200 day moving average:

Macatawa Bank Corp. 200 Day Moving Average Chart

Looking at the chart above, MCBC's low point in its 52 week range is $4.66 per share, with $5.65 as the 52 week high point — that compares with a last trade of $5.25.

In Friday trading, Macatawa Bank Corp. shares are currently up about 0.4% on the day.

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