About Mackinac Financial Corporation (MFNC) — Dividend Analysis 2026
Mackinac Financial Corp. is a bank holding company, which engages in the provision of commercial banking services through its subsidiary, mBank. The company is headquartered in Manistique, Michigan and currently employs 294 full-time employees. 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. The funds for the Bank's operation are also provided by brokered deposits and through borrowings from the Federal Home Loan Bank (FHLB) system, proceeds from the sale of loans and mortgage-backed and other securities, funds from repayment of outstanding loans and earnings from operations. The Bank has over 13 branch offices located in the Upper Peninsula of Michigan and four branch offices located in Michigan's Lower Peninsula.
Is MFNC a good dividend investment in 2026?
MFNC offers a 51.61% forward yield with a 50% payout ratio. Strand Safety Score: 85/100 (Very Safe). The 5-year dividend CAGR of 60% demonstrates strong, consistent growth that outpaces inflation.
MFNC DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your MFNC portfolio grows to $90486.84M vs $1.55M without reinvestment. This is the compound interest effect in action.
MFNC dividend growth history & forecast
MFNC has grown its dividend by 0% over the last year and 60% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 51.61%.
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 MFNC Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold MFNC.
Gross yield
51.61%
Tax rate
15.00%
After-tax yield
43.87%
Real yield (−CPI)
41.07%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
51.61%
48.81%
$5,161 / yr
🇺🇸 US Taxable (15%) ✓
15%
43.87%
41.07%
$4,387 / yr
🇺🇸 US Taxable (20%)
20%
41.29%
38.49%
$4,129 / yr
🇬🇧 UK ISA
0%
51.61%
48.81%
$5,161 / yr
🇬🇧 UK Taxable
8.75%
47.09%
44.29%
$4,709 / yr
🇨🇦 TFSA
0%
51.61%
48.81%
$5,161 / yr
🇨🇦 CA Taxable
25%
38.71%
35.91%
$3,871 / yr
🇦🇺 Super (pension)
15%
43.87%
41.07%
$4,387 / yr
🇦🇺 AU Taxable
30%
36.13%
33.33%
$3,613 / yr
🇩🇪 DE Taxable
26.375%
38.00%
35.20%
$3,800 / yr
🇫🇷 FR Taxable
30%
36.13%
33.33%
$3,613 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 MFNC Income Goal & Break-Even
Dividend Break-Even
2yr
Years for dividends to fully repay your MFNC investment of $21.50/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$28672.23M
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$28672.23M
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in MFNC for:
Shares needed
2,545
Capital required
$54,718
Monthly income
$2,000
Based on current dividend of $11.10/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 MFNC Dividend Payment Schedule
MFNC pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$23.58 / payment
$94.31 / year after tax
100 shares
$235.78 / payment
$943.12 / year after tax
1,000 shares
$2357.80 / payment
$9431.18 / year after tax
📊 MFNC vs Financial Services Benchmarks
How MFNC compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+48.71% vs sectorBetter
MFNC
51.61%
avg
2.90%
5Y Dividend CAGR▲+52.90% vs sectorBetter
MFNC
60.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
MFNC
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for MFNC sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ MFNC Insider Activity
▲ 2 Buys▼ 1 Sales
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
THOMSON MARTIN A
director
D-Return
2021-09-03
2,725
$4.64
$12.6K
Paschke Randolph Clare
director
D-Return
2021-09-03
35,317
$4.64
$163.9K
Orley Robert Harris
director
D-Return
2021-09-03
38,641
$4.64
$179.3K
Garea Joseph D
director
D-Return
2021-09-03
78,315
$4.64
$363.4K
BITTNER DENNIS
director
D-Return
2021-09-03
5,102
$4.64
$23.7K
GEORGE KELLY W
director, officer: President
D-Return
2021-09-03
101,000
$4.64
$468.6K
GEORGE KELLY W
director, officer: President
Sale
2021-07-30
6,610
$20.32
$134.3K
GEORGE KELLY W
director, officer: President
A-Award
2021-01-15
8,500
—
—
THOMSON MARTIN A
director
Buy
2020-11-17
2,400
$12.50
$30.0K
Paschke Randolph Clare
director
Buy
2020-11-16
1,500
$12.54
$18.8K
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the MFNC dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →