UPDATE: Macatawa Bank (MCBC) Raises Quarterly Dividend 50% to $0.03; 2.2% Yield

(Updated - April 27, 2015 8:07 AM EDT)

Macatawa Bank (NASDAQ: MCBC) declared a quarterly dividend of $0.03 per share, or $0.12 annualized. This is a 50% increase from the prior dividend of $0.02.

The dividend will be payable on May 29, 2015, to stockholders of record on May 14, 2015, with an ex-dividend date of May 12, 2015.

The annual yield on the dividend is 2.2 percent.

For a dividend history and other dividend-related data on Macatawa Bank (MCBC) click here.

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