Cash Dividend On The Way From Mackinac Financial (MFNC)

Looking at the universe of stocks we cover at Dividend Channel, on 9/21/16, Mackinac Financial Corp (MFNC) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 10/3/16. As a percentage of MFNC's recent stock price of $11.48, this dividend works out to approximately 0.87%, so look for shares of Mackinac Financial Corp to trade 0.87% lower — all else being equal — when MFNC shares open for trading on 9/21/16.

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Below is a dividend history chart for MFNC, showing historical dividends prior to the most recent $0.10 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 3.48% 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 $9.90 per share, with $12.03 as the 52 week high point — that compares with a last trade of $11.48.

In Monday trading, Mackinac Financial Corp shares are currently up about 0.3% on the day.

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