Middleburg Financial Corp (MBRG) Raises Quarterly Dividend 30% to $0.13; 2.9% Yield

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Go back to Middleburg Financial Corp (MBRG) Raises Quarterly Dividend 30% to $0.13; 2.9% Yield

Middleburg Financial Corporation Announces Second Quarter 2015 Results

July 29, 2015 12:00 PM EDT

MIDDLEBURG, Va., July 29, 2015 /PRNewswire/ -- Middleburg Financial Corporation (the "Company") (Nasdaq: MBRG), today announced net income of $2.28 million, or $0.32 per diluted share, for the quarter ended June 30, 2015.

"The second quarter of 2015 extended Middleburg's trend of strong earnings growth," commented Gary R. Shook, President and CEO of Middleburg Financial Corporation.  He added, "Earnings benefited from strong loan growth at Middleburg Bank and increased asset management fees from Middleburg Investment Group combined with good expense control and a reduction in loss reserves driven by loan upgrades and sales of nonperforming loans."

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Middleburg Financial Corporation Announces 30% Increase in Quarterly Dividend

July 29, 2015 12:00 PM EDT

MIDDLEBURG, Va., July 29, 2015 /PRNewswire/ -- The board of directors of Middleburg Financial Corporation (NASDAQ: MBRG) today announced a $0.13 per common share cash dividend for shareholders of record as of August 14, 2015, and payable on August 28, 2015. This represents a dividend increase of... More