Macatawa Bank (MCBC) Raises Quarterly Dividend 12.5% to $0.09; 4.2% Yield

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Go back to Macatawa Bank (MCBC) Raises Quarterly Dividend 12.5% to $0.09; 4.2% Yield

Macatawa Bank Corporation Declares Quarterly Dividend

October 26, 2023 4:20 PM EDT

HOLLAND, Mich., Oct. 26, 2023 (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 $0.09 per share on its common stock to be paid on November 29, 2023 to shareholders of record on November 14, 2023. This quarters dividend payment represents a 12% increase from the previous quarterly dividend rate of $0.08 per share.

"We are pleased to provide an increase in the amount of the dividend payment to our shareholders," said Jon Swets, incoming President and CEO of the Company. "Both... More