Middlefield: Middlefield Banc Corp. Announces a 5% Increase in the 2025 First-Quarter Cash Dividend Payment

MIDDLEFIELD, Ohio, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ:MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.21 per common share, representing a 5% increase from the 2024 fourth quarter dividend. The 2025 first-quarter dividend is payable on March 14, 2025, to shareholders of record on February 28, 2025.Ronald L. Zimmerly, Jr., President and Chief Executive Officer, stated, "The 5% increase in Middlefield's dividend payment demonstrates our confidence in the future, as well as our strong capital position and expanding levels of profitability. Our regular dividend has increased 47.4% from $0.57 per share for the year ended December 31, 2019, to an annualized rate of $0.84 currently. This multi-year growth reflects our Board's commitment to returning excess capital back to our shareholders."About Middlefield Banc Corp.Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the Bank holding Company of The Middlefield Banking Company, with total assets of $1.85 billion at December ...Full story available on Benzinga.com