MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that provides banking products and services in the United States. It provides consumer and commercial checking accounts, savings accounts, certificates of deposits, money transfers, and other banking services. The company also offers construction and development, commercial real estate, commercial and industrial, single family residential mortgage, small business administration, and other consumer loans; and online banking, treasury management, wire transfer, automated clearing house, and cash management services. It serves small to medium-sized businesses, individuals, businesses, municipalities, and other entities. The company operates 19 full-service branch locations in Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia. The company was founded in 2006 and is headquartered in Doraville, Georgia.
MetroCity Bankshares Dividend Announcement
• MetroCity Bankshares announced a quarterly dividend of $0.23 per ordinary share which will be made payable on 2024-11-08. Ex dividend date: 2024-10-30
• MetroCity Bankshares annual dividend for 2024 was $0.83
• MetroCity Bankshares annual dividend for 2023 was $0.72
• MetroCity Bankshares's trailing twelve-month (TTM) dividend yield is 2.35%
• MetroCity Bankshares's payout ratio for the trailing twelve months (TTM) is 33.15%
• MetroCity Bankshares's dividend growth over the last five years (2018-2023) was -1.08% year
MetroCity Bankshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-30 | $0.23 | quarterly | 2024-11-08 |
2024-07-31 | $0.20 | quarterly | 2024-08-09 |
2024-04-30 | $0.20 | quarterly | 2024-05-10 |
2024-01-30 | $0.20 | quarterly | 2024-02-09 |
2023-10-31 | $0.18 | quarterly | 2023-11-10 |
2023-08-02 | $0.18 | quarterly | 2023-08-11 |
2023-05-02 | $0.18 | quarterly | 2023-05-12 |
2023-01-31 | $0.18 | quarterly | 2023-02-10 |
2022-11-01 | $0.15 | quarterly | 2022-11-10 |
2022-08-02 | $0.15 | quarterly | 2022-08-12 |
2022-05-03 | $0.15 | quarterly | 2022-05-13 |
2022-02-01 | $0.15 | quarterly | 2022-02-11 |
2021-11-02 | $0.14 | quarterly | 2021-11-12 |
2021-08-02 | $0.12 | quarterly | 2021-08-12 |
2021-05-03 | $0.10 | quarterly | 2021-05-13 |
2021-02-02 | $0.10 | quarterly | 2021-02-12 |
2020-11-03 | $0.09 | quarterly | 2020-11-13 |
2020-07-30 | $0.09 | quarterly | 2020-08-07 |
2020-04-30 | $0.11 | quarterly | 2020-05-08 |
2020-01-30 | $0.11 | quarterly | 2020-02-07 |
2019-10-31 | $0.11 | quarterly | 2019-11-08 |
2019-07-31 | $0.22 | quarterly | 2019-08-08 |
2019-04-30 | $0.20 | quarterly | 2019-05-08 |
2019-01-30 | $0.20 | quarterly | 2019-02-08 |
2018-10-31 | $0.20 | quarterly | 2018-11-08 |
2018-07-31 | $0.20 | quarterly | 2018-08-07 |
2018-05-01 | $0.18 | quarterly | 2018-05-11 |
2018-01-31 | $0.18 | quarterly | 2018-02-09 |
2017-10-31 | $0.15 | quarterly | 2017-11-10 |
2017-07-31 | $0.10 | quarterly | 2017-08-11 |
2017-05-01 | $0.10 | quarterly | 2017-05-12 |
2017-01-30 | $0.10 | quarterly | 2017-02-10 |
MetroCity Bankshares Dividend per year
MetroCity Bankshares Dividend growth
MetroCity Bankshares Dividend Yield
MetroCity Bankshares current trailing twelve-month (TTM) dividend yield is 2.35%. Interested in purchasing MetroCity Bankshares stock? Use our calculator to estimate your expected dividend yield:
MetroCity Bankshares Financial Ratios
MetroCity Bankshares Dividend FAQ
Other factors to consider when evaluating MetroCity Bankshares as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: MetroCity Bankshares's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, MetroCity Bankshares publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, MetroCity Bankshares distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from MetroCity Bankshares are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: MetroCity Bankshares sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, MetroCity Bankshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: MetroCity Bankshares declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of MetroCity Bankshares's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review MetroCity Bankshares's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.