Macatawa Bank (MCBC) Declares $0.08 Quarterly Dividend; 4.4% Yield

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Macatawa Bank Corporation Declares Quarterly Dividend

July 27, 2020 7:30 AM EDT

HOLLAND, Mich., July 27, 2020 (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 $0.08 per share on its common stock to be paid on August 27, 2020 to shareholders of record on August 11, 2020.  Despite the economic challenges posed by the COVID-19 pandemic, Macatawa has continued to perform well.  This dividend reflects the strong financial condition and earnings performance of the Company.

About Macatawa Bank CorporationMacatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa... More