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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 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.
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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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 →
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