Macatawa Bank (MCBC) Declares $0.06 Quarterly Dividend; 2% Yield

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Go back to Macatawa Bank (MCBC) Declares $0.06 Quarterly Dividend; 2% Yield

Macatawa Bank Corporation Declares Quarterly Dividend

July 30, 2018 7:30 AM EDT

HOLLAND, Mich., July 30, 2018 (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 $0.06 per share on its common stock to be paid on August 29, 2018 to shareholders of record on August 14, 2018.

Earlier this year Macatawa increased its dividend rate from $0.05 to $0.06 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.

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