Monarch Financial (MNRK) Raises Quarterly Dividend 12.5% to $0.09; 2.8% Yield
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Monarch Financial Holdings Announces 12.5% Increase in Quarterly Cash Dividend
May 13, 2015 9:30 AM EDTCHESAPEAKE, Va., May 13, 2015 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq: MNRK), the holding company for Monarch Bank, announced a 12.5% increase in the quarterly common stock cash dividend at its annual shareholders meeting held on May 12, 2015. The Board of Directors declared a quarterly cash dividend of $0.09 per common share, payable on June 12, 2015, to shareholders of record on May 25, 2015. The amount and declaration of future cash dividends is subject to Board of Director's approval in addition to regulatory restrictions. Â
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