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Main Street Financial Services Corp. Declares Quarterly Dividend

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Main Street Financial Services Corp. (OTCQX:MSWV) has declared a quarterly cash dividend of $0.14 per share for Q2 2024, a 40% increase from the previous $0.10 per share. The dividend will be paid on August 16, 2024, to stockholders of record as of August 2, 2024. MSWV, a $1.4 billion holding company, recently graduated to the OTCQX Market, potentially improving stock exposure. Its primary subsidiary, Main Street Bank Corp., founded in 1899, operates 19 branch locations across Ohio and West Virginia, offering full-service banking, commercial lending, and mortgage services.

Main Street Financial Services Corp. (OTCQX:MSWV) ha dichiarato un dividendo in contante trimestrale di $0,14 per azione per il secondo trimestre del 2024, con un incremento del 40% rispetto al precedente dividendo di $0,10 per azione. Il dividendo sarà pagato il 16 agosto 2024, agli azionisti registrati al 2 agosto 2024. MSWV, una holding da $1,4 miliardi, è recentemente passata al Mercato OTCQX, migliorando potenzialmente l'esposizione delle azioni. La sua sussidiaria principale, Main Street Bank Corp., fondata nel 1899, gestisce 19 filiali in Ohio e Virginia Occidentale, offrendo servizi bancari completi, prestiti commerciali e servizi ipotecari.

Main Street Financial Services Corp. (OTCQX:MSWV) ha declarado un dividendo en efectivo trimestral de $0.14 por acción para el segundo trimestre de 2024, un aumento del 40% respecto al anterior dividendo de $0.10 por acción. El dividendo se pagará el 16 de agosto de 2024 a los accionistas registrados al 2 de agosto de 2024. MSWV, una compañía holding de $1.4 mil millones, se graduó recientemente al Mercado OTCQX, lo que potencialmente mejora la exposición de las acciones. Su principal subsidiaria, Main Street Bank Corp., fundada en 1899, opera 19 sucursales en Ohio y Virginia Occidental, ofreciendo servicios bancarios completos, préstamos comerciales y servicios hipotecarios.

Main Street Financial Services Corp. (OTCQX:MSWV)는 2024년 2분기 주당 $0.14의 분기 현금 배당금을 선언했습니다. 이는 이전의 주당 $0.10에서 40% 증가한 것입니다. 배당금은 2024년 8월 16일에 지급되며, 2024년 8월 2일 기준 주주에게 지급됩니다. MSWV는 14억 달러 규모의 지주회사로, 최근 OTCQX 시장으로 졸업하여 주식 노출을 개선할 수 있는 가능성이 있습니다. 1899년에 설립된 주요 자회사인 Main Street Bank Corp.는 오하이오와 웨스트버지니아에 19개의 지점을 운영하며, 종합 금융 서비스, 상업 대출 및 모기지 서비스를 제공합니다.

Main Street Financial Services Corp. (OTCQX:MSWV) a déclaré un dividende trimestriel en espèces de 0,14 $ par action pour le deuxième trimestre 2024, soit une augmentation de 40% par rapport au précédent dividende de 0,10 $ par action. Le dividende sera versé le 16 août 2024 aux actionnaires enregistrés au 2 août 2024. MSWV, une société de portefeuille de 1,4 milliard de dollars, a récemment été intégrée au Marché OTCQX, ce qui pourrait améliorer l'exposition des actions. Sa principale filiale, Main Street Bank Corp., fondée en 1899, gère 19 agences à travers l'Ohio et la Virginie-Occidentale, offrant des services bancaires complets, des prêts commerciaux et des services hypothécaires.

Main Street Financial Services Corp. (OTCQX:MSWV) hat eine vierteljährliche Bardividende von $0,14 pro Aktie für das zweite Quartal 2024 erklärt, was eine 40%-ige Erhöhung gegenüber der bisherigen Dividende von $0,10 pro Aktie darstellt. Die Dividende wird am 16. August 2024 an die Aktionäre gezahlt, die am 2. August 2024 im Register stehen. MSWV, ein Unternehmen mit einer Holding von 1,4 Milliarden Dollar, wurde kürzlich in den OTCQX-Markt aufgenommen, was möglicherweise die Aktienexposition verbessern kann. Ihre Haupttochtergesellschaft, die Main Street Bank Corp., wurde 1899 gegründet und betreibt 19 Filialen in Ohio und West Virginia sowie umfassende Bankdienstleistungen, gewerbliche Kredite und Hypothekendienstleistungen.

Positive
  • 40% increase in quarterly dividend from $0.10 to $0.14 per share
  • Graduation to OTCQX Market, potentially improving stock exposure
  • Company's commitment to maximizing shareholder value
Negative
  • None.

WOOSTER, Ohio, July 19, 2024 (GLOBE NEWSWIRE) -- Main Street Financial Services Corp. (OTCQX:MSWV), (the “Company”), the holding company parent of Main Street Bank Corp. (the “Bank”), has declared a cash dividend of $0.14 per share of the Company’s common stock for the quarter ending June 30th, 2024; an increase of 40.0 percent compared to the $0.10 per share in the second quarter of 2024. The quarterly cash dividend will be paid on August 16, 2024, to stockholders of record as of August 2, 2024.

MSWV President & CEO, James VanSickle stated, “Main Street Financial Services Corp. is dedicated to maximizing shareholder value. The increase in our cash dividend is proof of our commitment to shareholders. Also, we have recently graduated to the OTCQX Market which will improve the exposure of MSWV common stock.”

About MSWV: Main Street Financial Services Corp. is a $1.4 billion holding company headquartered in Wooster, Ohio. Its primary subsidiary, Main Street Bank Corp. was founded in 1899 and provides full-service banking, commercial lending, and mortgage services across its branch infrastructure. Today, Main Street Bank Corp. operates 19 branch locations in Wooster, Ohio, Wheeling, West Virginia and other surrounding communities in Ohio and West Virginia.

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. Factors which could result in material variations include, but are not limited to, changes in interest rates which could affect net interest margins and net interest income, competitive factors which could affect net interest income and noninterest income, changes in demand for loans, deposits and other financial services in the Company's market area; changes in asset quality, general economic conditions as well as other factors discussed in documents filed by the Company from time to time. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occurred after the date on which such statements were made.

Contact:

Main Street Financial Services Corp.
James R. VanSickle II
President and Chief Executive Officer
330-264-5767


FAQ

What is the new quarterly dividend amount for Main Street Financial Services Corp. (MSWV)?

Main Street Financial Services Corp. (MSWV) has declared a quarterly cash dividend of $0.14 per share for the quarter ending June 30, 2024.

When will MSWV pay its Q2 2024 dividend?

MSWV will pay its Q2 2024 dividend on August 16, 2024, to stockholders of record as of August 2, 2024.

By what percentage did MSWV increase its quarterly dividend in Q2 2024?

MSWV increased its quarterly dividend by 40%, from $0.10 per share in the previous quarter to $0.14 per share for Q2 2024.

What is the total asset value of Main Street Financial Services Corp. (MSWV)?

Main Street Financial Services Corp. (MSWV) is a $1.4 billion holding company headquartered in Wooster, Ohio.

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