MBT Financial (MBTF) Declares $0.03 Quarterly Dividend; 2M Share Buyback

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Go back to MBT Financial (MBTF) Declares $0.03 Quarterly Dividend; 2M Share Buyback

MBT Financial Corp. Announces Dividends and Share Repurchase Authorization

January 28, 2016 5:08 PM EST

MONROE, Mich., Jan. 28, 2016 (GLOBE NEWSWIRE) -- MBT Financial Corp. (NASDAQ: MBTF) announced today that its Board of Directors approved the resumption of regular dividend payments beginning with a $0.03 per share dividend. This is the first dividend paid by the company since 2009. In addition, the Board of Directors also approved payment of a special dividend of $0.50 per share. The two dividend payments will be paid in a single distribution on February 19, 2016 to shareholders of record as of February 12, 2016.

Our company has been consistently profitable since the third quarter of 2011, and we recently announced very... More