Meridian Co. ( NASDAQ:MRBK – Get Free Report ) announced a quarterly dividend on Thursday, July 27th, Zacks reports. Stockholders of record on Monday, August 14th will be given a dividend of 0.125 per share on Monday, August 21st. This represents a $0.50 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Friday, August 11th. Meridian has a dividend payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Meridian to earn $1.

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