MBT Financial (MBTF) Declares $0.03 Quarterly Dividend; 2M Share Buyback

MBT Financial (NASDAQ: MBTF) declared a quarterly dividend of $0.03 per share, or $0.12 annualized.

The dividend will be payable on February 19, 2016, to stockholders of record on February 12, 2016, with an ex-dividend date of February 10, 2016.

The annual yield on the dividend is 1.5 percent.

MBT also announced today that its Board of Directors authorized the repurchase of up to 2 million shares of its common stock. This represents 8.8% of the company’s outstanding common shares. Repurchases may be conducted from time to time in the open market or through privately negotiated transactions. This authorization commences February 1, 2016 and expires January 31, 2018.

“This share repurchase plan demonstrates MBT Financial Corp.’s commitment to enhancing shareholder value and utilizing the company’s capital in an efficient manner,” Chaffin added.

For a dividend history and other dividend-related data on MBT Financial (MBTF) click here.

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