MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

MetroCity Bankshares, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.09 per share on its common stock. The dividend is set to be paid on August 7, 2020, to shareholders on record as of July 31, 2020. This announcement reflects the company's commitment to returning value to its shareholders, indicating its ongoing financial stability.

Positive

• Declared a quarterly cash dividend of $0.09 per share.
• Dividend payment date of August 7, 2020, demonstrates commitment to shareholders.

Negative

• None.

News Market Reaction – MCBS

+4.42%

+4.42% Session move

In the trading session that priced this news, MCBS gained 4.42%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ATLANTA, July 15, 2020 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.09 per share on its common stock. The cash dividend is payable on August 7, 2020 to shareholders of record as of July 31, 2020.

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.

FAQ

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

MetroCity Bankshares, Inc. declared a quarterly cash dividend of $0.09 per share.

When will the dividend for MCBS be paid?

The dividend will be paid on August 7, 2020.

What is the record date for the MCBS dividend?

The record date for the dividend is July 31, 2020.