Macatawa Bank (MCBC) Declares $0.03 Quarterly Dividend; 2.2% Yield
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Macatawa Bank Corporation Declares Dividend
July 27, 2015 8:30 AM EDTHOLLAND, Mich., July 27, 2015 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per share on its common stock to be paid on August 28, 2015 to shareholders of record on August 13, 2015.
In the previous quarter Macatawa increased its dividend rate from $0.02 to $0.03 per share. The current quarters dividend is a continuation of this higher dividend rate and reflects the strong financial condition and growth in earnings performance of the Company.Â
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