MCBC - Macatawa Bank Corporation Declares Quarterly Dividend | Benzinga
HOLLAND, Mich., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NASDAQ:MCBC) (the "Company" or "Macatawa") today announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on its common stock to be paid on November 29, 2023 to shareholders of record on November 14, 2023. This quarter's dividend payment represents a 12% increase from the previous quarterly dividend rate of $0.08 per share.
"We are pleased to provide an increase in the amount of the dividend payment to our shareholders," said Jon Swets, incoming President and CEO of the Company. "Both the continued growth in Company earnings performance and our strong capital position make this increase possible."
About Macatawa Bank Corporation
Macatawa Bank Corporation is the bank holding company for its wholly-owned subsidiary bank, Macatawa Bank. Headquartered in Holland, Mich., Macatawa Bank offers a ...