MB Financial Inc (NASDAQ: MBFI) disclosed Friday that its Board has declared a cash dividend of $0.19 per share, up from $0.17 per share paid in recent quarters. On an annualized basis, the dividend worked out to $0.76 a share. The dividend offered a yield of 1.9 percent, which was higher than the five-year average dividend yield of 1.3 percent.
MB Financial said that the dividend would be payable on June 30 to holders of record of the Company's common stock as of June 15.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The latest dividend payout ratio worked out to be approximately 32 percent, which was higher than the five-year average dividend payout ratio of 23.0 percent. The company has been boosting its dividend rate for the four straight years. As a result, the five-year average dividend growth pace was 120.48 percent.
At time of writing MB Financial was up 1.18 percent.