MBT Financial (MBTF) Declares $0.10 Quarterly Dividend; 3.5% Yield

MBT Financial (NASDAQ: MBTF) declared a quarterly dividend of $0.10 per share, or $0.4 annualized.

The dividend will be payable on November 15, 2018, to stockholders of record on November 4, 2018, with an ex-dividend date of November 1, 2018.

The annual yield on the dividend is 3.5 percent.

H. Douglas Chaffin, President and CEO, commented, “We are pleased with our results for this quarter, as our loan growth reflected our service to our customers in Southeast Michigan and Northwest Ohio, and our earnings improvement provides value to our shareholders. On October 10, 2018, we announced that we signed a definitive agreement to merge with First Merchants Corporation (FRME), headquartered in Muncie, Indiana. This merger will provide tremendous benefits to our customers, shareholders and communities, and we look forward to continuing the legacy of exceptional customer service, local responsiveness, and strong community engagement that has defined Monroe Bank and Trust for 160 years.”

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

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