Level One Bancorp Announces Fourth Quarter Cash Dividend

Rhea-AI Summary

Level One Bancorp has declared a quarterly cash dividend of $0.05 per share, payable on January 15, 2021, to shareholders recorded by December 31, 2020. The announcement came as the company operates 16 banking centers across Southeast and West Michigan, boasting total assets of approximately $2.45 billion as of September 30, 2020. This dividend reflects the company's ongoing commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.05 per share announced, demonstrating commitment to shareholder returns.

Negative

• None.

News Market Reaction – LEVL

-1.18%

-1.18% Session move

In the trading session that priced this news, LEVL declined 1.18%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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FARMINGTON HILLS, Mich., Dec. 16, 2020 (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 $0.05 per share payable on January 15, 2021, to shareholders of record on December 31, 2020.

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 $2.45 billion as of September 30, 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 for Level One Bancorp?

Level One Bancorp has declared a quarterly cash dividend of $0.05 per share.

When will Level One Bancorp pay its dividend?

The dividend will be payable on January 15, 2021.

Who qualifies for the Level One Bancorp dividend?

Shareholders on record as of December 31, 2020, will qualify for the dividend.

How many banking centers does Level One operate?

Level One operates 16 banking centers across Southeast and West Michigan.