Today, August 11, 2023, marks an important moment for investors of MetroCity Bankshares MCBS. The company will distribute a dividend payout of $0.18 per share, demonstrating an annualized dividend yield of 3.67%. Remember, only shareholders prior to the ex-dividend date on August 02, 2023 are eligible for this payout.
MetroCity Bankshares Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-02 | 4 | $0.18 | 3.67% | 2023-07-19 | 2023-08-03 | 2023-08-11 |
| 2023-05-02 | 4 | $0.18 | 4.43% | 2023-04-19 | 2023-05-03 | 2023-05-12 |
| 2023-01-31 | 4 | $0.18 | 3.43% | 2023-01-18 | 2023-02-01 | 2023-02-10 |
| 2022-11-01 | 4 | $0.15 | 2.7% | 2022-10-19 | 2022-11-02 | 2022-11-10 |
| 2022-08-02 | 4 | $0.15 | 2.8% | 2022-07-20 | 2022-08-03 | 2022-08-12 |
| 2022-05-03 | 4 | $0.15 | 2.68% | 2022-04-20 | 2022-05-04 | 2022-05-13 |
| 2022-02-01 | 4 | $0.15 | 2.2% | 2022-01-19 | 2022-02-02 | 2022-02-11 |
| 2021-11-02 | 4 | $0.14 | 2.58% | 2021-10-20 | 2021-11-03 | 2021-11-12 |
| 2021-08-02 | 4 | $0.12 | 2.67% | 2021-07-21 | 2021-08-03 | 2021-08-12 |
| 2021-05-03 | 4 | $0.1 | 2.78% | 2021-04-21 | 2021-05-04 | 2021-05-13 |
| 2021-02-02 | 4 | $0.1 | 2.67% | 2021-01-20 | 2021-02-03 | 2021-02-12 |
| 2020-11-03 | 4 | $0.09 | 2.45% | 2020-10-21 | 2020-11-04 | 2020-11-13 |
When comparing MetroCity Bankshares's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Washington Trust Bancorp WASH having the highest annualized dividend yield at 7.27%.
Analyzing MetroCity Bankshares Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2020 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.40 in 2020 to $0.60 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For MetroCity Bankshares
From 2020 to 2022, MetroCity Bankshares experienced a growth in earnings per share, with an increase from $1.46 to $2.73. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article takes an in-depth look at MetroCity Bankshares's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.18 per share today, translating to an annualized dividend yield of 3.67%.
When comparing MetroCity Bankshares's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Washington Trust Bancorp having the highest annualized dividend yield at 7.27%.
Considering the increase in dividend per share from 2020 to 2022 along with an increase in earnings per share, MetroCity Bankshares appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
[See current stock movements MetroCity Bankshares on Benzinga.](https://www.benzinga.com/quote/MetroCity Bankshares (NASDAQ: MCBS))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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