MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

MetroCity Bankshares (NASDAQ: MCBS) has announced a quarterly cash dividend of $0.23 per share on its common stock. The dividend will be paid on February 7, 2025, to shareholders who are recorded as stockholders as of January 29, 2025. This announcement follows the board of directors' declaration of the quarterly dividend payment.

Positive

• Regular quarterly dividend payment indicates financial stability
• $0.23 per share dividend provides steady income for shareholders

Negative

• None.

News Market Reaction – MCBS

+2.37%

+2.37% Session move

In the trading session that priced this news, MCBS gained 2.37%, reflecting a moderate 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, Jan. 15, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.23 per share on its common stock. The cash dividend is payable on February 7, 2025 to shareholders of record as of January 29, 2025.

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 for MetroCity Bankshares (MCBS) in Q1 2025?

MetroCity Bankshares (MCBS) declared a quarterly cash dividend of $0.23 per share for Q1 2025.

When is the payment date for MCBS's Q1 2025 dividend?

The dividend payment date is February 7, 2025.

What is the record date for MetroCity Bankshares' Q1 2025 dividend?

The record date for the dividend is January 29, 2025.

How often does MetroCity Bankshares (MCBS) pay dividends?

MetroCity Bankshares pays dividends on a quarterly basis.

What is the annual dividend yield for MCBS based on the Q1 2025 payment?

Based on the quarterly dividend of $0.23, the annual dividend payment would be $0.92 per share, but the yield percentage depends on the current stock price.