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Metropolitan Bank Raises Quarterly Dividend 14.3% to $0.40 a Share

The new payout is $0.05 above the previous rate. Oct. 30 is both the record date and the ex-dividend date.

Two brass discs rest on stone steps beneath blurred columns. / TokenPost.ai
Two brass discs rest on stone steps beneath blurred columns. / TokenPost.ai

Metropolitan Bank Holding Corp. (MCB) raised its quarterly dividend by 14.3% to $0.40 per share, lifting the NYSE-listed company's payout ahead of a Nov. 10 payment.

The new amount is $0.05 above the previous quarterly dividend of $0.35 per share. The forward yield at the new rate is 1.85%.

Oct. 30 is both the record date, which determines eligibility for the dividend, and the ex-dividend date. Payment is scheduled for Nov. 10.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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