UPDATE: Mutualfirst Financial (MFSF) Raises Quarterly Dividend 16.7% to $0.14; Approves 375K Share Buyback

Mutualfirst Financial (NASDAQ: MFSF) declared a quarterly dividend of $0.14 per share, or $0.56 annualized. This is a 16.7% increase from the prior dividend of $0.12.

The dividend will be payable on March 25, 2016, to stockholders of record on March 11, 2016, with an ex-dividend date of March 9, 2016.

The annual yield on the dividend is 2.4 percent.

MutualFirst Financial, Inc. has also announced its intention today to repurchase up to 375,000 shares or approximately 5% of its outstanding shares in the open market and in privately negotiated transactions. These shares will be purchased from time to time over a twelve-month period depending upon market conditions.

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

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