Monarch Financial (MNRK) Declares $0.09 Quarterly Dividend; 2% Yield
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Monarch Financial Profits Rise 17% to a New Quarterly Record, Cash Dividend Declared
April 21, 2016 8:31 AM EDTCHESAPEAKE, Va., April 21, 2016 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq: MNRK), the bank holding company for Monarch Bank, reported record quarterly profits and solid loan and deposit growth. The Board of Directors announced a quarterly common stock cash dividend of $0.09 per common share, payable on May 27, 2016, to shareholders of record on May 10, 2016. This quarterly payment represents a 10% increase over the dividend paid in the second quarter of 2015 after adjusting for the effect of the December 2015 11-for-10 stock split.
First quarter 2016 highlights are:
Record net income of $4,056,709, up... More