MFNC Ex-Dividend Reminder - 6/23/15

Looking at the universe of stocks we cover at Dividend Channel, on 6/23/15, Mackinac Financial Corp ( MFNC) will trade ex-dividend, for its quarterly dividend of $0.075, payable on 7/10/15. As a percentage of MFNC's recent stock price of $10.90, this dividend works out to approximately 0.69%, so look for shares of Mackinac Financial Corp to trade 0.69% lower — all else being equal — when MFNC shares open for trading on 6/23/15.

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Below is a dividend history chart for MFNC, showing historical dividends prior to the most recent $0.075 declared by Mackinac Financial Corp:

MFNC+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 MFNC is likely to continue, and whether the current estimated yield of 2.75% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MFNC shares, versus its 200 day moving average:

Mackinac Financial Corp 200 Day Moving Average Chart

Looking at the chart above, MFNC's low point in its 52 week range is $9.95 per share, with $13.70 as the 52 week high point — that compares with a last trade of $10.90.

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