Level One Bancorp Announces First Quarter Cash Dividend

Rhea-AI Summary

Level One Bancorp, Inc. (Nasdaq: LEVL) has declared a quarterly cash dividend of $0.06 per share, set to be paid on April 15, 2021, to shareholders recorded by March 31, 2021. As of December 31, 2020, the company reported assets totaling approximately $2.44 billion. Level One Bancorp operates 16 banking centers across Southeast and West Michigan, focusing on providing full-service commercial and consumer banking.

Positive

• Quarterly cash dividend of $0.06 per share indicates strong shareholder returns.
• Company assets stand at approximately $2.44 billion, reflecting financial stability.

Negative

• None.

News Market Reaction – LEVL

-2.11%

1 alert

-2.11% News Effect

On the day this news was published, LEVL declined 2.11%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

FARMINGTON HILLS, Mich., March 17, 2021 (GLOBE NEWSWIRE) -- Level One Bancorp, Inc. (“Level One”) (Nasdaq: LEVL) announced that the Board of Directors of Level One had declared a quarterly cash dividend on its common stock of $0.06 per share payable on April 15, 2021, to shareholders of record on March 31, 2021.

Level One Bancorp, Inc. is the holding company for Level One Bank, a full-service commercial and consumer bank headquartered in Michigan with assets of approximately $2.44 billion as of December 31, 2020. The Company operates sixteen banking centers throughout Southeast Michigan and West Michigan.  For more information, visit www.levelonebank.com.

FAQ

What is the dividend amount declared by Level One Bancorp?

Level One Bancorp declared a dividend of $0.06 per share.

When is the dividend payment date for Level One Bancorp?

The dividend will be paid on April 15, 2021.

What is the record date for shareholders to receive the dividend from Level One Bancorp?

Shareholders must be on record by March 31, 2021, to receive the dividend.