MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

MetroCity Bankshares, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.10 per share on its common stock.

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Rhea-AI Summary

MetroCity Bankshares, Inc. (NASDAQ: MCBS) has declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend is payable on February 12, 2021 to shareholders of record as of February 3, 2021. This announcement underscores the company's commitment to returning value to its shareholders amid its operations in diverse communities across multiple states, including Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia.

Positive

Quarterly cash dividend of $0.10 per share announced.
Dividend payment date set for February 12, 2021.

Negative

None.

Argus Session date unavailable

-0.95% session move Open Argus

Details

News Market Reaction – MCBS

The recorded move for MCBS in the trading session of this news was -0.95%.

Data tracked by StockTitan Argus. Session date unavailable.

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01/20/2021 - 04:22 PM EST

ATLANTA, Jan. 20, 2021 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.10 per share on its common stock. The cash dividend is payable on February 12, 2021 to shareholders of record as of February 3, 2021.

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

View original content to download multimedia:http://www.prnewswire.com/news-releases/metrocity-bankshares-inc-declares-quarterly-cash-dividend-301212030.html

SOURCE MetroCity Bankshares, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by MetroCity Bankshares?

MetroCity Bankshares has declared a cash dividend of $0.10 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on February 12, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is February 3, 2021.

How does the dividend impact MetroCity Bankshares' shareholders?

The dividend reflects the company's commitment to returning value to shareholders.

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