Middlefield Banc Corp. (MBCN) Raises Quarterly Dividend 7.1% to $0.15; 2.5% Yield

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Middlefield Banc Corp. Announces 7.1% Increase in the 2019 Fourth Quarter Cash Dividend Payment

November 19, 2019 8:31 AM EST

MIDDLEFIELD, Ohio--(BUSINESS WIRE)-- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Companys Board of Directors declared a quarterly cash dividend of $0.15 per common share, which is a 7.1% increase over the 2019 third quarter cash dividend payment. The fourth quarter dividend is payable on December 13, 2019, to shareholders of record on November 29, 2019 and has been adjusted to reflect the November 8, 2019 two-for-one stock split.

The increase in our quarterly cash dividend reflects our commitment to returning value to shareholders, stated Thomas G. Caldwell, President and Chief Executive Officer. This is the latest... More