Mackinac Financial Co. (NASDAQ:MFNC) to Issue Quarterly Dividend of $0.12

Mackinac Financial Co. (NASDAQ:MFNC) announced a quarterly dividend on Friday, December 15th, NASDAQ reports. Stockholders of record on Thursday, December 28th will be paid a dividend of 0.12 per share by the financial services provider on Tuesday, January 9th. This represents a $0.48 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, December 27th.

Shares of Mackinac Financial (MFNC) traded up $0.16 on Friday, hitting $15.90. The stock had a trading volume of 595 shares, compared to its average volume of 3,030. Mackinac Financial has a 12-month low of $12.82 and a 12-month high of $16.80. The company has a market capitalization of $100.09, a PE ratio of 13.95 and a beta of 0.60. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 1.05.

Mackinac Financial (NASDAQ:MFNC) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.33 earnings per share for the quarter. Mackinac Financial had a return on equity of 9.06% and a net margin of 15.17%. The firm had revenue of $10.94 million for the quarter.

Separately, ValuEngine upgraded Mackinac Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

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Mackinac Financial Company Profile

Mackinac Financial Corporation is a bank holding Company of mBank (the Bank). The Company, through the Bank, is engaged in the general commercial banking business. The Bank provides a range of loan and deposit products. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing.

Dividend History for Mackinac Financial (NASDAQ:MFNC)

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