Mackinac Financial Corporation ( MFNC ) will begin trading ex-dividend on December 27, 2018. A cash dividend payment of $0.12 per share is scheduled to be paid on January 11, 2019. Shareholders who purchased MFNC prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that MFNC has paid the same dividend. At the current stock price of $13.04, the dividend yield is 3.68%.
The previous trading day's last sale of MFNC was $13.04, representing a -25.83% decrease from the 52 week high of $17.58 and a 3.5% increase over the 52 week low of $12.60.
MFNC is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Bank of America Corporation ( BAC ). MFNC's current earnings per share, an indicator of a company's profitability, is $.58. Zacks Investment Research reports MFNC's forecasted earnings growth in 2018 as -5%, compared to an industry average of 29.3%.