Based on the stock's Thursday opening price of $34.51, the new dividend rate reflects an annual yield of 3.6%. The company confirmed that the payout is scheduled for distribution on Nov. 13. To qualify for the payment, investors must hold shares on the record date of Nov. 4.
MetroCity Bankshares Increases Quarterly Dividend to 31 Cents
Investors in MetroCity Bankshares will see a 6.9% uptick in their quarterly payouts, with the company raising its dividend to 31 cents per share. This adjustment from the previous 29-cent level signals a shift in the bank's capital return strategy as it moves toward a $1.24 annual distribution.
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