Middlefield Banc Corp. Announces 2024 Fourth-Quarter Cash Dividend Payment

Rhea-AI Summary

Middlefield Banc Corp. (NASDAQ: MBCN) has announced its fourth-quarter dividend payment for 2024. The Board of Directors has declared a quarterly cash dividend of $0.20 per common share. Shareholders who are on record as of November 29, 2024, will receive the dividend payment on December 13, 2024.

Positive

• Maintaining consistent dividend payments, demonstrating financial stability
• Quarterly dividend of $0.20 per share provides steady income for shareholders

Negative

• None.

MIDDLEFIELD, Ohio, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The fourth-quarter dividend is payable on December 13, 2024, to shareholders of record on November 29, 2024.

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 $1.86 billion at September 30, 2024. The Bank operates 21 full-service banking centers and an LPL Financial® brokerage office serving Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, Garrettsville, Kenton, Mantua, Marysville, Middlefield, Newbury, Orwell, Plain City, Powell, Solon, Sunbury, Twinsburg, and Westerville. The Bank also operates a Loan Production Office in Mentor, Ohio.

Additional information is available at www.middlefieldbank.bank

This press release of Middlefield Banc Corp. and the reports Middlefield Banc Corp. files with the Securities and Exchange Commission often contain "forward-looking statements" relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Middlefield Banc Corp. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Middlefield Banc Corp.'s future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce interest margins; (3) changes in prepayment speeds, charge-offs and loan loss provisions; (4) less favorable than expected general economic conditions; (5) legislative or regulatory changes that may adversely affect businesses in which Middlefield Banc Corp. is engaged; (6) technological issues which may adversely affect Middlefield Banc Corp.'s financial operations or customers; (7) changes in the securities markets; or (8) risk factors mentioned in the reports and registration statements Middlefield Banc Corp. files with the Securities and Exchange Commission. Middlefield Banc Corp. undertakes no obligation to release revisions to these forward-looking statements or to reflect events or circumstances after the date of this press release.

Company Contact:	Investor and Media Contact:
Ron Zimmerly President and Chief Executive Officer Middlefield Banc Corp. (419) 673-1217 RZimmerly@middlefieldbank.com	Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com

FAQ

What is Middlefield Banc Corp's Q4 2024 dividend amount?

Middlefield Banc Corp's fourth-quarter dividend for 2024 is $0.20 per common share.

When is MBCN's Q4 2024 dividend payment date?

The fourth-quarter dividend will be paid on December 13, 2024.

What is the record date for Middlefield Banc Corp's Q4 2024 dividend?

The record date for the fourth-quarter dividend is November 29, 2024.

How often does MBCN pay dividends?

Based on this announcement, MBCN pays dividends on a quarterly basis.