DIVIDEND ANNOUNCEMENT: Macatawa Bank Corp. (NASDAQ:MCBC) on 01/25/2024 declared a dividend of $0.0900 per share

Macatawa Bank Corp. (NASDAQ:MCBC) on 01/25/2024 declared a dividend of $ 0.0900 per share payable on February 28, 2024 to shareholders of record as of February 13, 2024.

Macatawa Bank Corp. (NASDAQ:MCBC) has paid dividends since 2000, has a current dividend yield of 3.2085561752% and has increased its dividends for 1 successive years.

Macatawa Bank Corp.'s market cap is $ 384,745,020 and has a PE ratio of 8.70. The stock price closed yesterday at $ 11.22 and has a 52 week low/high of $ 6.96 and $ 11.91.

Macatawa Bank is a bank holding company. Through its subsidiary, Macatawa Bank, Co. provides a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, MI. Co. provides a range of deposit services, including checking accounts, savings accounts and time deposits of various types. Co.'s trust services include personal trust and retirement plan services. Co.'s personal trust services include financial planning, investment management services, trust and estate administration and custodial services. Co.'s retirement plan services encompass all types of qualified retirement plans, including profit sharing, 401(k) and pension plans.

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