MB Financial, Inc. Announces Increase in Quarterly Dividend and Stock Repurchase Program

CHICAGO--(BUSINESS WIRE)--

MB Financial, Inc. (the "Company"), MBFI announced today that its Board of Directors has declared a cash dividend of $0.17 per share, an increase from $0.14 per share paid in recent quarters, payable on June 30, 2015 to holders of record of the Company's common stock as of June 15, 2015.

The Company also announced that its Board of Directors has authorized the repurchase of up to $50 million of the Company's common stock. The shares may be repurchased in the open market or in private negotiated transactions from time to time over a twelve-month period, depending on market conditions and other factors.

MBFI is the Chicago-based holding company for MB Financial Bank, N.A. which has approximately $15 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients' success.

Safe Harbor Statement: Statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. By their nature, such statements are subject to numerous factors that could cause actual results to differ materially from those anticipated in the statements, as discussed in MB Financial's filings with the Securities and Exchange Commission.

MB Financial, Inc.
Berry Allen - Investor Relations
1 (888) 422-6562
E-Mail: beallen@mbfinancial.com

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!