M&F Bancorp, Inc. (OTCMKTS:MFBP) Announces $0.05 Quarterly Dividend

M&F Bancorp, Inc. (OTCMKTS:MFBP) announced a quarterly dividend on Tuesday, October 22nd,NASDAQ Dividends reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.05 per share by the financial services provider on Friday, December 13th. This represents a $0.20 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, November 21st.

M&F Bancorp Price Performance

Shares of M&F Bancorp stock traded up $0.75 on Tuesday, hitting $18.50. The stock had a trading volume of 1,024 shares, compared to its average volume of 576. The business’s 50 day moving average is $18.41 and its two-hundred day moving average is $16.72. M&F Bancorp has a twelve month low of $11.35 and a twelve month high of $19.74.

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.