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MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.12 per share on July 21, 2021.

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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dividends

Rhea-AI Summary

MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.12 per share on July 21, 2021. This dividend will be paid on August 12, 2021 to shareholders on record as of August 3, 2021. The bank operates 19 full-service branches across multiple states, including Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia, serving diverse communities. This announcement reflects the bank's commitment to returning value to shareholders.

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Positive

  • Quarterly cash dividend of $0.12 per share declared.
  • Dividend payment reinforces the company's commitment to shareholders.

Negative

  • None.
Argus Session date unavailable
+1.28% session move Open Argus
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News Market Reaction – MCBS

The recorded move for MCBS in the trading session of this news was +1.28%.

Data tracked by StockTitan Argus. Session date unavailable.

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ATLANTA, July 21, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.12 per share on its common stock. The cash dividend is payable on August 12, 2021 to shareholders of record as of August 3, 2021.

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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/metrocity-bankshares-inc-declares-quarterly-cash-dividend-301338855.html

SOURCE MetroCity Bankshares, Inc.

FAQ

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

What is the dividend amount for MetroCity Bankshares (MCBS)?

MetroCity Bankshares (MCBS) declared a cash dividend of $0.12 per share.

When is the dividend payment date for MCBS?

The dividend payment date for MetroCity Bankshares is August 12, 2021.

Who is eligible for the MCBS dividend?

Shareholders on record as of August 3, 2021, are eligible for the MCBS dividend.

How frequently does MetroCity Bankshares pay dividends?

MetroCity Bankshares typically pays dividends quarterly.

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