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

M&F Bancorp, Inc. (OTCMKTS:MFBP) declared a quarterly dividend on Tuesday, July 23rd, NASDAQ reports. Stockholders of record on Thursday, August 22nd will be paid a dividend of 0.05 per share by the financial services provider on Wednesday, September 11th. This represents a $0.20 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, August 22nd.

M&F Bancorp Stock Up 3.7 %

Shares of MFBP stock traded up $0.70 on Tuesday, reaching $19.70. The company had a trading volume of 939 shares, compared to its average volume of 3,799. The business’s 50-day moving average is $16.26 and its 200 day moving average is $13.93. M&F Bancorp has a one year low of $11.35 and a one year high of $19.70.

M&F Bancorp (OTCMKTS:MFBP) last announced its quarterly earnings results on Friday, August 2nd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter. The company had revenue of $6.00 million 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.