Mackinac Financial Corporation (MFNC) Raises Quarterly Dividend 33.3% to $0.10; 3.8% Yield

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Go back to Mackinac Financial Corporation (MFNC) Raises Quarterly Dividend 33.3% to $0.10; 3.8% Yield

Mackinac Financial Corporation Declares 33% Increase in Cash Dividend on Common Stock

August 25, 2015 1:20 PM EDT

MANISTIQUE, MI -- (Marketwired) -- 08/25/15 -- Mackinac Financial Corporation (NASDAQ: MFNC), the bank holding company for mBank (the "Bank"), announced the approval of a cash dividend by its Board of Directors on August 25, 2015. The Board of Directors declared an increased cash dividend of $.10 per common share, payable October 5, 2015 to shareholders of record at September 23, 2015. The dividend is a 33% increase from the prior quarter's dividend.

Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $740 million and whose common stock... More