|Bid||9.81 x 1100|
|Ask||15.00 x 1800|
|Day's Range||14.60 - 14.84|
|52 Week Range||8.31 - 15.95|
|Beta (5Y Monthly)||0.20|
|PE Ratio (TTM)||10.40|
|Earnings Date||Apr 24, 2020|
|Forward Dividend & Yield||0.40 (2.80%)|
|Ex-Dividend Date||Feb 02, 2021|
|1y Target Est||17.50|
MetroCity Bankshares (MCBS) has been struggling lately, but the selling pressure may be coming to an end soon.
MetroCity Bankshares (NASDAQ:MCBS) declared a dividend payable on February 12, 2021 to its shareholders as of January 20, 2021. It was also announced that shareholders of MetroCity Bankshares's stock as of February 3, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. MetroCity Bankshares, whose current dividend payout is $0.1, has an ex-dividend date set at February 2, 2021. The payout equates to a dividend yield of 2.67% at current price levels. What Are Ex-Dividend Dates? An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis. Understanding MetroCity Bankshares's Dividend History Over the past year, MetroCity Bankshares has experienced an overall downward trend regarding its dividend payouts and an upward trend regarding its yields. Last year on January 30, 2020 the company's payout was $0.11, which has since decreased by $0.01. MetroCity Bankshares's dividend yield last year was 2.33%, which has since grown by 0.34%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. To read more news on MetroCity Bankshares click here. See more from BenzingaClick here for options trades from BenzingaUnderstanding Equitrans Midstream's Ex-Dividend DateAnalyzing Antero Midstream's Ex-Dividend Date© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shareholders in MetroCity Bankshares, Inc. ( NASDAQ:MCBS ) may be thrilled to learn that the analysts have just...