MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend
Rhea-AI Summary
MetroCity Bankshares, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.10 per share on its common stock. This dividend is set to be paid on May 13, 2021 to shareholders recorded as of May 4, 2021. The bank operates 19 branches across several states, including Alabama, Florida, and Texas, serving multi-ethnic communities. This dividend announcement reflects the company's commitment to returning value to its shareholders.
Positive
- Declaration of a quarterly cash dividend of $0.10 per share.
- Dividend payment date is set for May 13, 2021.
- The bank operates in multiple states, indicating diversified geographical revenue streams.
Negative
- None.
News Market Reaction – MCBS
In the trading session that priced this news, MCBS gained 2.29%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, April 21, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of
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.