MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

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.

News Market Reaction 1 Alert

-0.89% News Effect

On the day this news was published, MCBS declined 0.89%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

04/20/2022 - 04:13 PM

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.