M&F Bancorp, Inc. (OTCMKTS:MFBP) Increases Dividend to $0.06 Per Share

M&F Bancorp, Inc. (OTCMKTS:MFBP) declared a dividend on Saturday, May 17th, investing.com reports. Stockholders of record on Thursday, May 22nd will be given a dividend of 0.06 per share by the financial services provider on Wednesday, June 18th. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, May 21st. This is a 50.0% increase from M&F Bancorp’s previous dividend of $0.04.

M&F Bancorp Stock Up 0.3%

OTCMKTS MFBP opened at $18.00 on Friday. M&F Bancorp has a one year low of $12.40 and a one year high of $24.31. The company has a 50-day simple moving average of $18.12 and a 200-day simple moving average of $18.79.

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.