DIVIDEND ANNOUNCEMENT: Macatawa Bank Corp. (NASDAQ:MCBC) on 01/27/2020 declared a dividend of $0.0800 per share

Macatawa Bank Corp. (NASDAQ:MCBC) on 01/27/2020 declared a dividend of $ 0.0800 per share payable on February 27, 2020 to shareholders of record as of February 11, 2020. Dividend amount recorded is an increase of $ 0.01 from last dividend Paid.

Macatawa Bank Corp. (NASDAQ:MCBC) has paid dividends since 2000, has a current dividend yield of 2.9493086338% and has increased its dividends for 5 successive years.

Macatawa Bank Corp.'s market cap is $ 369,561,850 and has a PE ratio of 11.92. The stock price closed yesterday at $ 10.85 and has a 52 week low/high of $ 9.32 and $ 11.42.

Macatawa Bank is a bank holding company. Through its subsidiary, Macatawa Bank, Co. operates branch offices and a lending and operational service facility, providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, MI. Co.'s commercial and industrial lending portfolio contains loans with a variety of purposes and security, including loans to finance operations and equipment. Co.'s commercial real estate loans consist primarily of construction and development loans and multi-family and other non-residential real estate loans. Co.'s retail loans consist primarily of residential mortgage loans and consumer loans.

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