Level One Bancorp Announces Second Quarter Cash Dividend

Rhea-AI Summary

Level One Bancorp, Inc. (Nasdaq: LEVL) has declared a quarterly cash dividend of $0.05 per share, payable on July 15, 2020, to shareholders of record on June 30, 2020. The company, headquartered in Michigan, reported assets of approximately $1.94 billion as of March 31, 2020. Level One operates sixteen banking centers across Southeast and West Michigan. This dividend announcement reflects the company’s commitment to returning value to shareholders while maintaining a robust financial standing.

Positive

• Declared a quarterly cash dividend of $0.05 per share.
• Assets amounting to approximately $1.94 billion as of March 31, 2020.
• Demonstrates strong financial health with 16 banking centers.

Negative

• None.

News Market Reaction – LEVL

-2.64%

-2.64% Session move

In the trading session that priced this news, LEVL declined 2.64%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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FARMINGTON HILLS, Mich., June 17, 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 July 15, 2020, to shareholders of record on June 30, 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 $1.94 billion as of March 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 amount of the dividend declared by Level One Bancorp?

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

When will the dividend be paid?

The dividend will be paid on July 15, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is June 30, 2020.

What are the total assets of Level One Bancorp?

Level One Bancorp reported total assets of approximately $1.94 billion as of March 31, 2020.

How many banking centers does Level One Bancorp operate?

Level One Bancorp operates sixteen banking centers throughout Southeast and West Michigan.