MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.15 per share on April 20, 2022.

(Neutral)

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Rhea-AI Summary

MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.15 per share on April 20, 2022. This dividend will be payable on May 13, 2022 to shareholders recorded by May 4, 2022. The company, headquartered in Atlanta, operates 19 branches across various states, including Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia, focusing on multi-ethnic communities. This dividend declaration reflects a commitment to returning value to shareholders.

Positive

Quarterly cash dividend of $0.15 per share enhances shareholder income.
Commitment to returning value to shareholders may boost investor confidence.

Negative

None.

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News Market Reaction – MCBS

The recorded move for MCBS in the trading session of this news was -0.89%.

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04/20/2022 - 04:13 PM EDT

ATLANTA, April 20, 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 May 13, 2022 to shareholders of record as of May 4, 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-301529567.html

SOURCE MetroCity Bankshares, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by MetroCity Bankshares (MCBS)?

MetroCity Bankshares declared a dividend of $0.15 per share.

When is the dividend payable for MCBS?

The dividend is payable on May 13, 2022.

What is the record date for MCBS's dividend?

The record date for the dividend is May 4, 2022.

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