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Stock impact report

MidWestOne Financial Group (NASDAQ:MOFG) Will Pay A Dividend Of $0.2425 [Yahoo! Finance]

MidWestOne Financial Group, Inc. (MOFG) 
Last midwestone financial group, inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
NASDAQ:MOFG ) has announced that it will pay a dividend of $0.2425 per share on the 15th of September. The dividend yield will be 4.6% based on this payment which is still above the industry average. MidWestOne Financial Group's Payment Expected To Have Solid Earnings Coverage If the payments aren't sustainable, a high yield for a few years won't matter that much. MidWestOne Financial Group has established itself as a dividend paying company with over 10 years history of distributing earnings to shareholders. Taking data from its last earnings report, calculating for the company's payout ratio shows 35%, which means that MidWestOne Financial Group would be able to pay its last dividend without pressure on the balance sheet. Over the next year, EPS is forecast to fall by 2.3%. But assuming the dividend continues along recent trends, we believe the future payout ratio could be 38%, which we are pretty comfortable with and we think would be feasible on an earnings basis. MidWes Show less Read more
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