MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

On January 19, 2022, MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.15 per share, payable on February 11, 2022. Shareholders on record as of February 2, 2022 will receive the dividend. The bank operates 19 branches across multi-ethnic communities in states including Alabama, Florida, and Texas, focusing on providing financial services.

Positive

• Declaring a quarterly cash dividend of $0.15 per share demonstrates financial strength and shareholder return.
• The bank serves multi-ethnic communities, potentially enhancing market reach and customer base.

Negative

• None.

ATLANTA, Jan. 19, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.15 per share on its common stock. The cash dividend is payable on February 11, 2022 to shareholders of record as of February 2, 2022.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/metrocity-bankshares-inc-declares-quarterly-cash-dividend-301464337.html

SOURCE MetroCity Bankshares, Inc.

FAQ

What is the upcoming dividend amount for MCBS?

MetroCity Bankshares, Inc. has declared a quarterly cash dividend of $0.15 per share.

When will the dividend be paid for MCBS?

The dividend will be payable on February 11, 2022.

What is the record date for the MCBS dividend?

The record date for the dividend is February 2, 2022.

How often does MetroCity Bankshares pay dividends?

MetroCity Bankshares typically pays dividends quarterly.