Macatawa Bank (MCBC) Raises Quarterly Dividend 14.3% to $0.08; 2.9% Yield

Macatawa Bank (NASDAQ: MCBC) declared a quarterly dividend of $0.08 per share, or $0.32 annualized. This is a 14.3% increase from the prior dividend of $0.07.

The dividend will be payable on February 27, 2020, to stockholders of record on February 11, 2020, with an ex-dividend date of February 10, 2020.

The annual yield on the dividend is 2.9 percent.

"We are pleased to provide another increase in the amount of the dividend payment to our shareholders," said Ronald L. Haan, President and CEO of the Company. "Both the continued growth in Company earnings performance and our strong capital position make this increase possible."

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

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