Middlefield Banc Corp. (MBCN) Raises Quarterly Dividend 6.7% to $0.16; 2.8% Yield

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Middlefield Banc Corp. Announces a 6.7% Increase in the 2021 First-Quarter Cash Dividend Payment

February 9, 2021 8:00 AM EST

MIDDLEFIELD, Ohio, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that the Companys Board of Directors declared a quarterly cash dividend of $0.16 per common share, which is a 6.7% increase over the 2020 first quarter cash dividend payment. The first quarter dividend is payable on March 15, 2021, to shareholders of record on March 4, 2021.

Many of our shareholders are members of our local communities and I am pleased to announce an increase in our regular cash dividend payment, stated Thomas G. Caldwell, President and Chief Executive Officer. The increase in... More