Mackinac Financial Co. Announces Quarterly Dividend of $0.05 (MFNC)
Mackinac Financial (NASDAQ:MFNC) announced a quarterly dividend on Tuesday, August 26th, Analyst Ratings News reports. Investors of record on Wednesday, September 24th will be paid a dividend of 0.05 per share on Monday, October 6th. This represents a $0.20 annualized dividend and a dividend yield of 1.82%.
Mackinac Financial (NASDAQ:MFNC) traded up 3.91% on Tuesday, hitting $11.43. The stock had a trading volume of 7,219 shares. Mackinac Financial has a 1-year low of $8.38 and a 1-year high of $15.06. The stock has a 50-day moving average of $12.19 and a 200-day moving average of $12.40. The company has a market cap of $63.2 million and a price-to-earnings ratio of 11.96.
Mackinac Financial Corporation is a bank holding company that operates through its principal subsidiary, mBank (NASDAQ:MFNC).
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