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| Cash Dividend On The Way From Meridian (MRBK)By Dividend Channel Staff, Wednesday, November 8, 10:33 AM ET
On 11/10/23, Meridian Corp (NASDAQ:MRBK) will trade ex-dividend, for its quarterly dividend of $0.125, payable on 11/20/23. As a percentage of MRBK's recent stock price of $11.05, this dividend works out to approximately 1.13%, so look for shares of Meridian Corp to trade 1.13% lower — all else being equal — when MRBK shares open for trading on 11/10/23. Below is a dividend history chart for MRBK, showing historical dividends prior to the most recent $0.125 declared by Meridian Corp: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MRBK is likely to continue, and whether the current estimated yield of 4.52% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MRBK shares, versus its 200 day moving average:
Looking at the chart above, MRBK's low point in its 52 week range is $7.795 per share, with $17.375 as the 52 week high point — that compares with a last trade of $11.05. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
In Wednesday trading, Meridian Corp shares are currently up about 1% on the day.
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