Macatawa Bank (MCBC) Declares $0.04 Quarterly Dividend; 1.7% Yield
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Macatawa Bank Corporation Declares Quarterly Dividend
May 1, 2017 7:30 AM EDTHOLLAND, Mich., May 01, 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 May 30, 2017 to shareholders of record on May 15, 2017.    Â
In the previous quarter Macatawa increased its dividend rate from $0.03 to $0.04 per share. The current quarters dividend is a continuation of this higher dividend rate and reflects the strong financial condition and growth in earnings performance of the Company. Â
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