MB Financial Boosts Dividend to $0.12

MB Financial (NASDAQ: MBFI  ) this week announced plans to up its quarterly dividend 20%, from $0.10 to $0.12 per share.

This marks the first time the company has raised its payout since late 2012, when it increased it from $0.01. In 2009, the company had cut its dividend 92% due to a $28.1 million loss in net income. This was brought on in part, according to a 2009 statement from the company, by the "weak state of economy ." MB Financial's latest increase is the first time since May 2009 that the company has paid a dividend over $0.10 per share.

The dividend will be payable on Sept. 30 to shareholders of record as of Sept. 13. Annualized, MB Financial's payout comes to $0.48. As of the market's close on Aug. 29, the company's stock was trading at $27.43, which means its dividend currently yields 1.7%.

MBFI Dividend Chart

MBFI Dividend data by YCharts


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2617504, ~/Articles/ArticleHandler.aspx, 10/21/2014 5:20:31 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement