Should You Buy Mid Penn Bancorp, Inc. (NASDAQ:MPB) For Its Dividend?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Historically, Mid Penn Bancorp, Inc. (NASDAQ:MPB) has paid dividends to shareholders, and these days it yields 3.0%. Should it have a place in your portfolio? Let’s take a look at Mid Penn Bancorp in more detail.

After digging a little deeper into Mid Penn Bancorp’s yield, it’s easy to see why you should be cautious investing in the company just for the dividend. But if you are not exclusively a dividend investor, the stock could still be an interesting investment opportunity. Given that this is purely a dividend analysis, I recommend taking sufficient time to understand its core business and determine whether the company and its investment properties suit your overall goals. There are three key factors you should further research.

Source: Simply Wall St.

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