M&F Bancorp, Inc. (OTCMKTS:MFBP) Declares Dividend Increase – $0.06 Per Share

M&F Bancorp, Inc. (OTCMKTS:MFBPGet Free Report) announced a quarterly dividend on Friday, February 7th,NASDAQ Dividends reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.06 per share by the financial services provider on Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, February 21st. This is a boost from M&F Bancorp’s previous quarterly dividend of $0.05.

M&F Bancorp Price Performance

Shares of M&F Bancorp stock opened at $18.50 on Wednesday. The company’s fifty day moving average price is $19.79 and its two-hundred day moving average price is $18.98. M&F Bancorp has a 52-week low of $11.50 and a 52-week high of $24.31.

M&F Bancorp (OTCMKTS:MFBPGet Free Report) last posted its earnings results on Friday, February 7th. The financial services provider reported $0.42 earnings per share for the quarter.

M&F Bancorp Company Profile

(Get Free Report)

M&F Bancorp, Inc operates as a bank holding company for the Mechanics and Farmers Bank that provides consumer and commercial banking products and services in North Carolina. It offers deposit products, including demand deposits; checking, savings, and money market accounts, as well as certificates of deposit.

Further Reading

Dividend History for M&F Bancorp (OTCMKTS:MFBP)

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