By the close of today, November 10, 2023, MetroCity Bankshares MCBS will issue a dividend payout of $0.18 per share, resulting in an annualized dividend yield of 3.54%. Only those investors who owned the stock prior to the ex-dividend date on October 31, 2023 will receive this payout.
MetroCity Bankshares Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-31 | 4 | $0.18 | 3.54% | 2023-10-18 | 2023-11-01 | 2023-11-10 |
| 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 |
When comparing MetroCity Bankshares's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Eagle Bancorp EGBN having the highest annualized dividend yield at 8.40%.
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
As you can see, from 2020 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.40 in 2020 to $0.60 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For MetroCity Bankshares
The earnings chart illustrates an increase in MetroCity Bankshares's earnings per share, from $1.46 in 2020 to $2.73 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we explore the recent dividend payout of MetroCity Bankshares and its significance for shareholders. The company has decided to distribute a dividend of $0.18 per share today, which equates to an annualized dividend yield of 3.54%.
When comparing MetroCity Bankshares's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Eagle Bancorp having the highest annualized dividend yield at 8.40%.
The increase in both dividend per share and earnings per share from 2020 to 2022 for MetroCity Bankshares indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
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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