MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

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Rhea-AI Summary

MetroCity Bankshares, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.18 per share on its common stock. This dividend is payable on February 10, 2023, to shareholders of record as of February 1, 2023. The announcement reflects the company’s commitment to returning value to its shareholders amid its operations across multiple states including Georgia, Alabama, Florida, Texas, and New Jersey.

Positive

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News Market Reaction 1 Alert

-2.90% News Effect

On the day this news was published, MCBS declined 2.90%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

01/18/2023 - 03:25 PM

ATLANTA, Jan. 18, 2023 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.18 per share on its common stock. The cash dividend is payable on February 10, 2023 to shareholders of record as of February 1, 2023.

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.