The parent company of New York City-based Metropolitan Commercial Bank will distribute the increased dividend on Nov. 10. Shareholders of record at the close of business on Oct. 30 qualify for the payment. Based on the most recent closing share price of $86.88, the new $1.60 annual dividend offers a yield of approximately 1.8%.
In section Market Quotes
Metropolitan Bank Holding Lifts Quarterly Dividend by 14 Percent
Shareholders of Metropolitan Bank Holding are set for a payout boost following the board’s decision to increase the quarterly dividend to 40 cents per share. This move marks a 14% climb from the previous rate of 35 cents, reflecting the company’s latest capital allocation strategy for investors.
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