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MIDDLEFIELD, Ohio - Middlefield Banc Corp. (NASDAQ: MBCN), a bank holding company, has declared a quarterly cash dividend of $0.21 per common share, payable on June 13, 2025, to shareholders of record as of May 30, 2025. The annual dividend yield stands at 2.87%, reflecting the company’s 23-year track record of consistent dividend payments, according to InvestingPro data.
The Middlefield Banking Company, a subsidiary of Middlefield Banc Corp., operates 21 full-service banking centers and an LPL Financial® brokerage office across various Ohio locations. With a market capitalization of $238.64 million and a P/E ratio of 14.77, the company reported total assets amounting to $1.89 billion as of March 31, 2025. The bank also maintains a Loan Production Office in Mentor, Ohio.
Middlefield Banc Corp. has consistently provided dividends to its shareholders, reflecting its financial stability and commitment to returning value. InvestingPro analysis shows strong recent performance, with four analysts revising earnings estimates upward for the upcoming period. The banking industry, however, faces various challenges and uncertainties. (Get more insights and 5 additional ProTips with InvestingPro.) Factors such as competitive pressures, changes in the interest rate environment, economic conditions, and legislative or regulatory changes can impact the company’s performance. The company maintains a FAIR financial health score according to InvestingPro’s comprehensive analysis.
The company’s press release also contains forward-looking statements that involve risks and uncertainties. These statements are not guarantees of future performance and are subject to change. The company does not assume any obligation to update any forward-looking statements following the date of the press release.
This dividend declaration is based on a press release statement from Middlefield Banc Corp. and is intended for shareholders and investors to provide updates on the company’s financial distributions.
In other recent news, Middlefield Banc Corp has announced a 10.5% salary increase for its President and Chief Executive Officer, Ronald L. Zimmerly, Jr. This adjustment raises his annual base salary to $525,000 from the previous $475,000. The decision was made during a meeting of the company’s Compensation Committee, which also set award levels and performance goals for its Annual Incentive Plan for 2025. This plan includes key performance measures such as pre-tax pre-provision net income and a classified asset ratio. Additionally, a qualitative performance measure based on strategic goals will be assessed subjectively by the committee. The incentive plan aims to distribute cash rewards to executives and employees in the first quarter of 2026, contingent on meeting the 2025 performance goals. The details of this plan were previously filed with the SEC and align with Middlefield Banc Corp’s strategy to motivate its leadership team according to company performance objectives.
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