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Morris State Bancshares, Inc. announced a stock dividend, giving four additional shares for every share owned to shareholders, resulting in a fivefold increase in shares held. The move aims to boost trading in their stock and align the price per share with industry peers, without impacting the company's overall value. Future dividends and financial results will be adjusted accordingly, demonstrating a commitment to shareholder value.
Morris State Bancshares, Inc. ha annunciato un dividendo azionario, concedendo quattro azioni aggiuntive per ogni azione posseduta agli azionisti, risultando in un incremento quinquuplo delle azioni detenute. L'obiettivo è stimolare il commercio del proprio titolo e allineare il prezzo per azione con quello degli altri attori del settore, senza influire sul valore complessivo dell'azienda. I futuri dividendi e i risultati finanziari saranno adeguati di conseguenza, dimostrando un impegno nel mantenere il valore per gli azionisti.
Morris State Bancshares, Inc. anunció un dividendo en acciones, otorgando cuatro acciones adicionales por cada acción poseída a los accionistas, lo que resulta en un aumento de cinco veces en las acciones mantenidas. El movimiento tiene como objetivo impulsar la negociación de sus acciones y alinear el precio por acción con los colegas de la industria, sin afectar el valor total de la empresa. Los futuros dividendos y los resultados financieros se ajustarán en consecuencia, demostrando un compromiso con el valor para los accionistas.
모리스 스테이트 뱅크셰어스 인크는 주식 가치를 높이기 위해 주주에게 소유 주식 당 추가로 네 주의 주식을 제공하는 주식 배당을 발표했습니다. 이로 인해 보유 주식이 다섯 배로 증가하게 됩니다. 이 조치는 자사 주식의 거래를 촉진하고 산업 동료들과 주당 가격을 일치시키는 것을 목표로 하며, 회사의 전체 가치에는 영향을 미치지 않습니다. 향후 배당금과 재무 결과는 이에 맞게 조정될 것이며, 이는 주주 가치에 대한 약속을 나타냅니다.
Morris State Bancshares, Inc. a annoncé un dividende en actions, accordant quatre actions supplémentaires pour chaque action détenue aux actionnaires, ce qui résulte en un quintuplement des actions détenues. L'objectif est de stimuler le commerce de leur action et d'aligner le prix par action avec celui des pairs de l'industrie, sans impacter la valeur globale de l'entreprise. Les futurs dividendes et résultats financiers seront ajustés en conséquence, démontrant un engagement envers la valeur des actionnaires.
Morris State Bancshares, Inc. hat eine Aktiendividende angekündigt, bei der Aktionären vier zusätzliche Anteile für jede gehaltene Aktie gewährt werden, was zu einer Verfünffachung der gehaltenen Aktien führt. Das Ziel ist es, den Handel mit ihrer Aktie zu fördern und den Aktienpreis an die Branche anzupassen, ohne den Gesamtwert des Unternehmens zu beeinflussen. Zukünftige Dividenden und Finanzergebnisse werden entsprechend angepasst, was das Engagement für den Aktionärswert zeigt.
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DUBLIN, Ga., April 23, 2024 (GLOBE NEWSWIRE) -- Morris State Bancshares, Inc. (OTCQX: MBLU) (the “Company”), the parent of Morris Bank (the “Bank”), today announced the declaration and payment of a stock dividend, effective April 23, 2024. The Company paid a dividend of four additional shares for every share owned by a shareholder. Following the dividend, each shareholder as of the record date of the dividend holds five times the number of shares he or she held immediately prior to the record date for the dividend.
“Our book value and earnings per share have been higher than many of our peers since the time that our stock began to trade on the OTCQX market,” said Spence Mullis, Chairman and CEO. “We declared the stock dividend in order to promote more trading in our stock and make our price per share more in line with many of our peers. The stock dividend should affect our price per share but should not directly affect the aggregate value of our Company. Our focus is on growing value for our shareholders, and we want our stock price to accommodate trading in our stock as best we can.”
Future dividends will be adjusted to reflect the stock dividend. In addition, financial results per share will be adjusted when the Company reports its results for quarters ending June 30, 2024 and after. For purposes of comparison, the Company will also present results for prior periods as if the dividend had been declared previously.
“We want our shareholders to know that their support means a great deal to us and that our Board of Directors will continue to explore actions to make an investment in our common stock one that they are proud of,” said Spence Mullis, Chairman and CEO.
FAQ
What did Morris State Bancshares announce?
Morris State Bancshares announced the declaration and payment of a stock dividend, giving four additional shares for every share owned to shareholders.
When is the effective date of the stock dividend?
The effective date of the stock dividend is April 23, 2024.
Why did Morris State Bancshares declare the stock dividend?
Morris State Bancshares declared the stock dividend to promote more trading in their stock and align the price per share with industry peers.
How will future dividends be adjusted after the stock dividend?
Future dividends will be adjusted to reflect the stock dividend.
Who is the Chairman and CEO of Morris State Bancshares?
Spence Mullis is the Chairman and CEO of Morris State Bancshares.
How will financial results per share be adjusted after the stock dividend?
Financial results per share will be adjusted when the company reports its results for quarters ending June 30, 2024 and after.
What is the ticker symbol for Morris State Bancshares?
The ticker symbol for Morris State Bancshares is MBLU.
What is the purpose of the stock dividend declared by Morris State Bancshares?
The purpose of the stock dividend is to boost trading in their stock and align the price per share with industry peers.
How will Morris State Bancshares ensure shareholder value after the stock dividend?
Morris State Bancshares will adjust future dividends and financial results to demonstrate a commitment to shareholder value.
