Mid Penn Bancorp (MPB) to Issue Quarterly Dividend of $0.15 on January 12th
Mid Penn Bancorp (NASDAQ:MPB) announced a quarterly dividend on Wednesday, November 22nd, Wall Street Journal reports. Shareholders of record on Thursday, December 21st will be paid a dividend of 0.15 per share by the financial services provider on Friday, January 12th. This represents a $0.60 annualized dividend and a yield of 1.83%. The ex-dividend date is Wednesday, December 20th. This is a positive change from Mid Penn Bancorp’s previous quarterly dividend of $0.13.
Shares of Mid Penn Bancorp (MPB) opened at $32.75 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $142.07, a PE ratio of 13.09 and a beta of 0.46. Mid Penn Bancorp has a 12 month low of $22.25 and a 12 month high of $35.75.
Separately, ValuEngine downgraded shares of Mid Penn Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Mid Penn Bancorp, Inc (Mid Penn) is the bank holding company for Mid Penn Bank (the Bank). The Bank engages in a full-service commercial banking and trust business, providing a range of financial services, including mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, community development loans, loans to non-profit entities and local government loans, and various types of time and demand deposits, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit and individual retirement accounts (IRAs).
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