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Mackinac Financial Corporation · NASDAQ
Price: $21.50 · Annual div: $11.10/share · Frequency: quarterly · Payout ratio: 50% · Ex-div: TBD
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Year your monthly dividend income covers each expense (based on current settings)
$10,000 in MFNC → $90486.84M in 10 years · $6,969,998,965.97/month
Mackinac Financial Corporation operates as a bank holding company, primarily delivering comprehensive commercial banking services via its subsidiary, mBank. Headquartered in Manistique, Michigan, the company employs 294 full-time staff members. Through mBank, the firm engages in general commercial banking, offering a diverse portfolio of loan and deposit solutions. These services encompass standard retail and business banking, including checking, savings, and interest-bearing transaction accounts, time deposits, and safe deposit facilities. Additionally, mBank provides real estate mortgage lending, commercial lending, lease financing for both commercial and governmental entities, and direct and indirect consumer financing. The bank's operations are funded through various sources such as brokered deposits, borrowings from the Federal Home Loan Bank (FHLB) system, proceeds from the sale of loans and mortgage-backed or other securities, repayment of outstanding loans, and earnings generated from its activities. mBank maintains a significant presence with over 13 branch locations in Michigan's Upper Peninsula and four additional branches in the Lower Peninsula.
This calculation uses the DividendFlow Engine v6.0. Data is verified daily against SEC filings and FMP real-time feeds to ensure projection accuracy.
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Ready to invest? Open MFNC position with:
Real after-tax yield depends on where you live and how you hold MFNC.
| 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.
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $11.10/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
MFNC pays quarterly — 4 times per year. Next ex-div: TBD.
How MFNC compares to typical Financial Services averages.
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.
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 |
|---|---|---|---|---|---|---|
| D-Return | 2021-09-03 | 2,725 | $4.64 | $12.6K | ||
| D-Return | 2021-09-03 | 35,317 | $4.64 | $163.9K | ||
| D-Return | 2021-09-03 | 38,641 | $4.64 | $179.3K | ||
| D-Return | 2021-09-03 | 78,315 | $4.64 | $363.4K | ||
| D-Return | 2021-09-03 | 5,102 | $4.64 | $23.7K | ||
| D-Return | 2021-09-03 | 101,000 | $4.64 | $468.6K | ||
| Sale | 2021-07-30 | 6,610 | $20.32 | $134.3K | ||
| A-Award | 2021-01-15 | 8,500 | — | — | ||
| Buy | 2020-11-17 | 2,400 | $12.50 | $30.0K | ||
| Buy | 2020-11-16 | 1,500 | $12.54 | $18.8K |
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
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 →
Mackinac Financial Corporation (MFNC) is currently trading at $21.50, trading near its 52-week high. The current dividend yield is 51.61% based on an annual payout of $11.10 per share.
Mackinac Financial Corporation (MFNC) is a financial services stock currently trading at $21.50 with a dividend yield of 51.61%. The company pays an annual dividend of $11.10 per share. The payout ratio of 50% suggests the dividend is well-covered by earnings. Over the past 5 years, MFNC has grown its dividend at a compound annual rate of 60.0%.
Auto-generated from live market data. For educational purposes only — not financial advice.
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