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 May 9, 2025 to shareholders who are on record as of April 30, 2025.

Positive

• Consistent dividend payment signals financial stability
• Direct return of capital to shareholders through $0.23 quarterly dividend

Negative

• None.

ATLANTA, April 16, 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 May 9, 2025 to shareholders of record as of April 30, 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 Q2 2025?

MetroCity Bankshares (MCBS) declared a quarterly dividend of $0.23 per share for Q2 2025.

When is the dividend payment date for MCBS shareholders?

The dividend will be paid on May 9, 2025.

What is the record date for MetroCity Bankshares' Q2 2025 dividend?

The record date is April 30, 2025.

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

Based on the quarterly dividend of $0.23, the annual dividend payment would be $0.92 per share.