MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

MetroCity Bankshares, Inc. (NASDAQ: MCBS) has announced a quarterly cash dividend of $0.20 per share on its common stock. The dividend is set to be paid on August 9, 2024, to shareholders of record as of July 31, 2024. This declaration by the board of directors demonstrates the company's commitment to returning value to its shareholders and may indicate confidence in the bank's financial stability and performance.

Positive

• Consistent dividend payment indicates financial stability
• Shareholders receive immediate income through $0.20 per share dividend
• Dividend declaration suggests board confidence in company's performance

Negative

• None.

News Market Reaction – MCBS

+0.38%

+0.38% Session move

In the trading session that priced this news, MCBS gained 0.38%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ATLANTA, July 17, 2024 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.20 per share on its common stock. The cash dividend is payable on August 9, 2024 to shareholders of record as of July 31, 2024.

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 20 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 (MCBS) for Q3 2024?

MetroCity Bankshares (MCBS) has declared a quarterly cash dividend of $0.20 per share on its common stock for Q3 2024.

When is the payment date for MetroCity Bankshares' (MCBS) latest dividend?

The cash dividend is payable on August 9, 2024.

What is the record date for MetroCity Bankshares' (MCBS) Q3 2024 dividend?

The record date for MetroCity Bankshares' (MCBS) Q3 2024 dividend is July 31, 2024.

How often does MetroCity Bankshares (MCBS) pay dividends?

Based on the announcement of a quarterly dividend, MetroCity Bankshares (MCBS) appears to pay dividends on a quarterly basis.