Macatawa Bank Corporation (NASDAQ:MCBC) declared quarterly dividend of $ 0.08 per share, or $ 0.32 annualized.
The dividend will be payable on August 27, 2020, to stockholders of record on August 11, 2020, with an ex-dividend date of August 10, 2020.
Dividends History
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Stock Performance
According to the previous trading day, closing price of MCBC was $ 7.26, representing a 20.80 % increase from the 52 week low of $ 6.01 and a 36.43 % decrease over the 52 week high of $ 11.42.
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The company has a market capital of $ 245.58 million and is part of the Financial Services sector and Banks – Regional – US industry.
Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that provides commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, and multi-family and other non-residential real estate loans; retail loans, such as residential mortgage loans; and consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes.
