Mackinac Financial Corporation MFNC, the bank holding company for mBank (the
"Bank"), announced that on December 18, 2012, its Board of Directors
declared a cash dividend of $.04 per common share, payable January 7, 2013
to shareholders of record as of December 31, 2012.
This is the first dividend declared by the Corporation since its
recapitalization in December of 2004, illustrating the continued strength
of the Corporation's operating performance and solid capital position.
Commenting on the dividend declaration, Paul Tobias, Chairman and CEO,
stated, "This milestone is a testament to the recent successes of the
Corporation and the diligent efforts of its employees. The declaration of
our first dividend demonstrates the confidence of our Board of Directors
and management team for the future of MFNC."
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
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!
Already a member?Sign in