Macatawa Bank Corp (MCBC) Declares $0.02 Quarterly Dividend; 1.6% Yield
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/30/2026
Go back to Macatawa Bank Corp (MCBC) Declares $0.02 Quarterly Dividend; 1.6% Yield
October 27, 2014 9:00 AM EDT
HOLLAND, Mich., Oct. 27, 2014 (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 $0.02 per share on its common stock to be paid on November 28, 2014 to shareholders of record on November 6, 2014.
This payment marks the fourth consecutive quarterly cash dividend since resumption of payment of cash dividends to common shareholders after a hiatus of over five years. Earlier this year, the Company's Board of Directors resumed payment of quarterly cash dividends to common shareholders given Macatawa's strong capital... More
October 23, 2014 4:15 PM EDT
HOLLAND, Mich., Oct. 23, 2014 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (Nasdaq: MCBC) today announced its results for the third quarter of 2014, continuing its trend of improvement in key operating metrics and financial performance.
Net income of $2.8 million in the third quarter 2014, a 23% increase over third quarter 2013 net income of $2.2 million
Total performing loan portfolio growth of $10.9 million in the third quarter 2014
Strong loan collection results exemplified by net recoveries once again net recoveries of $330,000 for the third quarter 2014, net recoveries in six of the previous seven quarters
Low loan...
More
