This adjustment brings the annualized dividend to $1.40 per share. Based on Monday’s closing price of $98.55, the new payout reflects a dividend yield of approximately 1.4 percent. Investors on record as of July 31 will receive the payment on August 11.
In section Market Quotes
Metropolitan Bank Lifts Quarterly Dividend by 40 Percent
Shareholders of Metropolitan Bank Holding are set for a substantial payout increase, as the firm confirmed a 40 percent hike in its quarterly cash dividend. The board’s decision elevates the distribution to 35 cents per share, up from the previous rate of 25 cents, signaling a shift in the bank's capital allocation strategy.
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