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

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Middlefield Banc Corp. (NASDAQ: MBCN) has announced a 5% increase in its quarterly cash dividend to $0.21 per common share for the first quarter of 2025. The dividend will be paid on March 14, 2025, to shareholders of record as of February 28, 2025.

According to President and CEO Ronald L. Zimmerly, Jr., this increase reflects the company's strong capital position and growing profitability. The company's regular dividend has shown significant growth, increasing by 47.4% from $0.57 per share in 2019 to a current annualized rate of $0.84, demonstrating the Board's commitment to returning excess capital to shareholders.

Middlefield Banc Corp. (NASDAQ: MBCN) ha annunciato un aumento del 5% del proprio dividendo in contante trimestrale, portandolo a $0,21 per azione ordinaria per il primo trimestre del 2025. Il dividendo sarà pagato il 14 marzo 2025 agli azionisti registrati al 28 febbraio 2025.

Secondo il Presidente e CEO Ronald L. Zimmerly, Jr., questo aumento riflette la solida posizione patrimoniale dell'azienda e la crescente redditività. Il dividendo regolare dell'azienda ha mostrato una crescita significativa, aumentando del 47,4% da $0,57 per azione nel 2019 a un attuale tasso annualizzato di $0,84, dimostrando l'impegno del Consiglio nel restituire capitale in eccesso agli azionisti.

Middlefield Banc Corp. (NASDAQ: MBCN) ha anunciado un incremento del 5% en su dividendo en efectivo trimestral, llevándolo a $0.21 por acción ordinaria para el primer trimestre de 2025. El dividendo se pagará el 14 de marzo de 2025 a los accionistas registrados al 28 de febrero de 2025.

Según el Presidente y CEO Ronald L. Zimmerly, Jr., este aumento refleja la sólida posición de capital de la empresa y su creciente rentabilidad. El dividendo regular de la compañía ha mostrado un crecimiento significativo, aumentando un 47.4% de $0.57 por acción en 2019 a una tasa anualizada actual de $0.84, lo que demuestra el compromiso de la Junta con la devolución de capital excedente a los accionistas.

Middlefield Banc Corp. (NASDAQ: MBCN)는 2025년 첫 분기 동안 주당 $0.21으로 분기 현금 배당금을 5% 인상한다고 발표했습니다. 이 배당금은 2025년 3월 14일에 2025년 2월 28일 기준 주주에게 지급될 예정입니다.

회장 겸 CEO인 Ronald L. Zimmerly, Jr.에 따르면, 이번 인상은 회사의 강력한 자본위치와 증가하는 수익성을 반영합니다. 회사의 정기 배당금은 2019년 주당 $0.57에서 현재 연상률 $0.84로 47.4% 증가하며 중요한 성장을 보여줍니다. 이는 과잉 자본을 주주에게 환원하려는 이사회의 의지를 나타냅니다.

Middlefield Banc Corp. (NASDAQ: MBCN) a annoncé une augmentation de 5% de son dividende en espèces trimestriel, portant celui-ci à 0,21 $ par action ordinaire pour le premier trimestre de 2025. Le dividende sera versé le 14 mars 2025 aux actionnaires enregistrés au 28 février 2025.

Selon le Président et CEO Ronald L. Zimmerly, Jr., cette augmentation reflète la solide position de capital de l'entreprise et sa rentabilité croissante. Le dividende régulier de l'entreprise a montré une croissance significative, passant de 0,57 $ par action en 2019 à un taux annualisé actuel de 0,84 $, démontrant ainsi l'engagement du Conseil à restituer le capital excédentaire aux actionnaires.

Middlefield Banc Corp. (NASDAQ: MBCN) hat eine Erhöhung der vierteljährlichen Bar-Dividende um 5% auf 0,21 $ pro Stammaktie für das erste Quartal 2025 angekündigt. Die Dividende wird am 14. März 2025 an die Aktionäre gezahlt, die am 28. Februar 2025 im Aktienregister stehen.

Laut Präsident und CEO Ronald L. Zimmerly, Jr. spiegelt diese Erhöhung die starke Kapitalposition des Unternehmens und die steigende Rentabilität wider. Die reguläre Dividende des Unternehmens hat ein signifikantes Wachstum gezeigt, mit einem Anstieg von 47,4% von 0,57 $ pro Aktie im Jahr 2019 auf derzeit 0,84 $ jährlich, was das Engagement des Vorstands zeigt, überschüssiges Kapital an die Aktionäre zurückzugeben.

Positive
  • 5% increase in quarterly dividend to $0.21 per share
  • 47.4% dividend growth from 2019 to 2025
  • Strong capital position indicated by management
  • Expanding levels of profitability reported
Negative
  • None.

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 31, 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 the new quarterly dividend amount for Middlefield Banc Corp (MBCN) in Q1 2025?

Middlefield Banc Corp's new quarterly dividend is $0.21 per common share for Q1 2025, representing a 5% increase from Q4 2024.

When will MBCN pay its Q1 2025 dividend?

The Q1 2025 dividend will be paid on March 14, 2025, to shareholders of record as of February 28, 2025.

How much has MBCN's dividend grown since 2019?

MBCN's regular dividend has increased by 47.4% from $0.57 per share in 2019 to an annualized rate of $0.84 in 2025.

What is the annual dividend rate for MBCN in 2025?

Based on the new quarterly dividend of $0.21 per share, MBCN's annualized dividend rate for 2025 is $0.84 per share.

Middlefield Banc Corp

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