Macatawa Bank (MCBC) Raises Quarterly Dividend 33.3% to $0.04; 1.6% Yield

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Go back to Macatawa Bank (MCBC) Raises Quarterly Dividend 33.3% to $0.04; 1.6% Yield

Macatawa Bank Corporation Increases Quarterly Dividend

January 30, 2017 8:00 AM EST

HOLLAND, Mich., Jan. 30, 2017 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share on its common stock to be paid on February 28, 2017 to shareholders of record on February 13, 2017.  This quarters dividend payment represents a 33% increase from the previous quarterly dividend rate of $0.03 per share.     

"We are pleased to make an increase in the amount of the payment to our shareholders," said Ronald L. Haan, President and CEO of the Company.  "The continued improvement... More