Merchants & Marine Bancorp (MNMB) Declares $0.30 Dividend

Merchants & Marine Bancorp said on May 17, 2023 that its board declared a regular quarterly dividend of $0.30 per share ($1.20 annualized). Previously, the company paid $0.30 per share.

Shares must be purchased before the ex-div date of June 8, 2023 to be eligible for the dividend. Shareholders of record as of June 9, 2023 will receive payment on July 3, 2023.

At the current share price of $37.00/share, the dividend yield of the stock is 3.24%.

Looking back five years and taking a sample each week, the average dividend yield was 3.40%, the low 2.73% and the high 6.07%. The standard deviation of returns is 0.76 (n=172).

The current dividend yield is 0.21 standard deviation below the historical average.

The company’s 3-year dividend growth rate is 0.21%, demonstrating that it has increased its dividend over time.

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What is fund sentiment?

There are 1 fund or institution reporting positions in Merchants & Marine Bancorp. This figure is unchanged from the last quarter. Average portfolio weight of all funds dedicated to MNMB is 0.19%, a decrease of 28.64%. The total number of shares held by institutions has decreased by 0.00% over the past three months to 20,000 shares.

What are the other shareholders doing?

Mitchell McLeod Pugh & Williams owns 20,000 shares. No change in the last quarter.

Key deposits for this company:

This story originally appeared on Fintel.

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