Mackinac Financial Corporation Declares Increased Cash Dividend on Common Stock for Third Quarter 2019
Mackinac Financial Corporation (MFNC)
Last mackinac financial corporation earnings: 1/29 09:00 am
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snl.com/irweblinkx/corporateprofile.aspx?iid=1019295
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Source: GlobeNewswire
MANISTIQUE, Mich., Sept. 17, 2019 (GLOBE NEWSWIRE) -- Mackinac Financial Corporation (Nasdaq: MFNC), the bank holding company for mBank (the “Bank”), announced the approval of a cash dividend by its Board of Directors on September 17, 2019. The Board of Directors declared a cash dividend of $.14 per common share for the third quarter of 2019, payable October 8, 2019 to shareholders of record at September 27, 2019. The dividend is an increase of $.02 per share from the prior quarter’s dividend and represents a 17% increase in the annualized dividend from $.48 per share to $.56 per share. Mackinac Financial Corporation is a registered bank holding company formed under the Bank Holding Company Act of 1956 with assets in excess of $1.3 billion and whose common stock is traded on the NASDAQ stock market as “MFNC.” The principal subsidiary of the Corporation is mBank. Headquartered in Manistique, Michigan, mBank has 29 branch locations; eleven in the Upper Peninsula, ten in the North
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