Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success.
This week the portfolio I’m building (my Safari To Sweet Success portfolio) seeks a high-yield and growing stock in the financial services sector.
The financial sector includes nineteen industries all related to managing money: asset management; banks either global or from any of seven regions, capital markets, credit services, financial exchanges, insurance in six specializations, savings banks, and specialty finance.
Today I’m reviewing a Small-CapUS Regional Bank. The company’s name is Mackinac Financial Corporation. Its trading ticker symbol is MFNC. Â
Mackinac Financial Corp. is a bank holding company. The company, through its subsidiary, is engaged in the general commercial banking business, providing a full range of loan and deposit products.
As of March 27, 2018, it operated 12 branches in the Upper Peninsula; 4 branches in the Northern Lower Peninsula; 1 branch in Oakland County, Michigan; and 7 branches in northern Wisconsin.Â
The company was formerly known as North Country Financial Corporation and changed its name to Mackinac Financial Corporation in December 2004.Â
Mackinac Financial Corporation was incorporated in 1974 and is headquartered in Manistique, Michigan.
I use three key data points gauge the value of any dividend equity or fund like Mackinac Financial Corporation (MFNC):Â
(1) Price
(2) Dividends
(3) Returns
After those three, four more keys will finally unlock an equity or fund in which to invest.Â
No matter what, it’s the first three primary traits that best tell whether a company has made, is making, and will make money.Â
MFNC Price
Mackinac’s price was $15.50 per share at yesterday’s market close. A year ago its price was $13.72 for a gain of $1.78 per share in the past year. Â
