Macatawa Bank (MCBC) Raises Quarterly Dividend 16.7% to $0.07; 2.6% Yield

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Go back to Macatawa Bank (MCBC) Raises Quarterly Dividend 16.7% to $0.07; 2.6% Yield

Macatawa Bank Corporation Declares Quarterly Dividend

October 29, 2018 7:30 AM EDT

HOLLAND, Mich., Oct. 29, 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 $0.07 per share on its common stock to be paid on November 28, 2018 to shareholders of record on November 13, 2018.  This quarters dividend payment represents a 16% increase from the previous quarterly dividend rate of $0.06 per share.          

"We are pleased to provide another increase in the amount of the dividend payment to our shareholders," said Ronald L. Haan, President and CEO of the Company.  "Both the continued... More