M&F Bancorp, Inc. (OTCMKTS:MFBP) Declares Dividend Increase – $0.06 Per Share

M&F Bancorp, Inc. (OTCMKTS:MFBP) declared a quarterly dividend on Friday, February 7th,NASDAQ Dividends reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.06 per share by the financial services provider on Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, February 21st. This is a positive change from M&F Bancorp’s previous quarterly dividend of $0.05.

M&F Bancorp Stock Performance

Shares of MFBP opened at $18.50 on Wednesday. The business has a fifty day moving average of $19.79 and a 200 day moving average of $18.98. M&F Bancorp has a 52-week low of $11.50 and a 52-week high of $24.31.

M&F Bancorp (OTCMKTS:MFBP) last posted its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.42 earnings per share for the quarter.

M&F Bancorp Company Profile

M&F Bancorp, Inc operates as a bank holding company for the Mechanics and Farmers Bank that provides consumer and commercial banking products and services in North Carolina. It offers deposit products, including demand deposits; checking, savings, and money market accounts, as well as certificates of deposit.