Monarch Financial (MNRK) Declares $0.09 Quarterly Dividend; 2.8% Yield
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Monarch Financial Reports 3rd Quarter Financial Performance and Declares Both Cash and Stock Dividends
October 22, 2015 9:03 AM EDTCHESAPEAKE, Va., Oct. 22, 2015 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq: MNRK), the bank holding company for Monarch Bank, reported strong third quarter profit and continued financial performance. Â The Board of Directors announced a quarterly common stock cash dividend of $0.09 per common share, payable on November 30, 2015, to shareholders of record on November 12, 2015. Â Total cash dividends declared in 2015 increased 13% from the previous year.Â
The Board also declared an 11-for-10 stock split effected as a stock dividend. This was the companys seventh stock split or stock dividend in its history, with the last... More
