Middlefield Banc Corp. Announces 2023 Q4 Cash Dividend Payment And Declares A $0.05 Special Cash Dividend Payment
Portfolio Pulse from Benzinga Newsdesk
Middlefield Banc Corp. (NASDAQ:MBCN) has declared a special cash dividend of $0.05 per share and a regular quarterly cash dividend of $0.20 per share, payable on December 15, 2023, to shareholders of record as of December 1, 2023. The CEO highlighted the company's strong balance sheet and business model, as well as its commitment to rewarding shareholders, noting the increase in annual cash dividend from $0.57 in 2019 to $0.85 in 2023.
November 14, 2023 | 1:23 pm
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Middlefield Banc Corp. announced a special dividend of $0.05 and a regular dividend of $0.20 per share, indicating a strong financial position and a commitment to shareholder returns.
The announcement of both a special and regular dividend typically indicates a company's confidence in its financial stability and profitability. This can be seen as a positive signal to investors and may lead to a short-term increase in stock price as it reflects a commitment to returning value to shareholders.
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