Macatawa Bank (MCBC) Declares $0.07 Quarterly Dividend; 2.9% Yield
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Macatawa Bank Corporation Declares Quarterly Dividend
January 28, 2019 7:30 AM ESTHOLLAND, Mich., Jan. 28, 2019 (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 February 27, 2019 to shareholders of record on February 12, 2019.     Â
In the previous quarter Macatawa increased its dividend rate from $0.06 to $0.07 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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