MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

MetroCity Bankshares, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.09 per share on its common stock. The dividend payment is scheduled for November 13, 2020, to shareholders on record as of November 4, 2020. The bank operates 19 full-service branches across several states, focusing on multi-ethnic communities. The dividend reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.09 per share declared.
• Dividend payment date of November 13, 2020, demonstrates shareholder value focus.

Negative

• None.

News Market Reaction – MCBS

-0.48%

-0.48% Session move

In the trading session that priced this news, MCBS declined 0.48%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ATLANTA, Oct. 21, 2020 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.09 per share on its common stock. The cash dividend is payable on November 13, 2020 to shareholders of record as of November 4, 2020.

About MetroCity Bankshares, Inc.

MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. To learn more about Metro City Bank, visit www.metrocitybank.bank.

Contact Information
Farid Tan
770-455-4978
faridtan@metrocitybank.bank

Lucas Stewart
678-580-6414
lucasstewart@metrocitybank.bank

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SOURCE MetroCity Bankshares, Inc.

FAQ

What is the dividend amount declared by MetroCity Bankshares?

MetroCity Bankshares declared a quarterly cash dividend of $0.09 per share.

When will the dividend be paid to shareholders of MetroCity Bankshares?

The dividend will be paid on November 13, 2020.

What is the record date for the MetroCity Bankshares dividend?

The record date for the dividend is November 4, 2020.

How many branches does MetroCity Bank operate?

MetroCity Bank operates 19 full-service branch locations.

In which states does MetroCity Bank have branches?

MetroCity Bank has branches in Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia.