MetroCity Bankshares Lifts Quarterly Dividend 6.9% to 31 Cents
MetroCity Bankshares raised its quarterly payout to 31 cents a share from 29 cents, according to Dow Jones Newswires.
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what happened
According to Dow Jones Newswires, MetroCity Bankshares is increasing its quarterly dividend by 6.9%, from 29 cents to 31 cents per share. The new annual payout comes to $1.24.
Based on the company's opening price on Thursday of $34.51, the new dividend represents an annual yield of 3.6%. The payment will be made on November 13 to shareholders of record as of November 4.
why it matters
This is a routine corporate action from a small bank holding company. A 6.9% increase may matter to income-focused investors, but the decision has little effect on broader markets.
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sources
- MetroCity Bankshares Ups Quarterly Dividend by 6.9% — Dow Jones Newswires, 22 October 2026 at 18:40 UTC
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