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MIDDLEFIELD, Ohio - Middlefield Banc Corp. (NASDAQ:MBCN) announced Monday that its Board of Directors has declared a quarterly cash dividend of $0.21 per common share, representing a 3.01% yield. The dividend will be payable on September 12, 2025, to shareholders of record as of August 29, 2025. According to InvestingPro, the company has maintained dividend payments for 23 consecutive years.
The Ohio-based bank holding company, parent of The Middlefield Banking Company, reported total assets of $1.92 billion as of June 30, 2025. With a market capitalization of $221.42 million and trading at a P/E ratio of 12.17, analysis suggests the stock is currently undervalued. The company currently operates 21 full-service banking centers and an LPL Financial brokerage office across multiple Ohio communities including Ada, Beachwood, Bellefontaine, Chardon, Cortland, Dublin, and Westerville, among others. Middlefield also maintains a Loan Production Office in Mentor, Ohio.
The dividend announcement comes as part of the company’s regular quarterly financial activities. The information was shared in a press release issued by the company, which also included details about its operational footprint and financial position.
Middlefield Banc Corp. is publicly traded on the NASDAQ exchange under the ticker symbol MBCN.
In other recent news, Middlefield Banc Corp. has declared a quarterly cash dividend of $0.21 per common share. This dividend is set to be paid on June 13, 2025, to shareholders who are on record as of May 30, 2025. The announcement aligns with the company’s routine dividend distribution strategy. As of March 31, 2025, Middlefield Banc Corp. reported total assets of $1.89 billion. Additionally, the bank operates 21 full-service banking centers and an LPL Financial® brokerage office in Ohio.
In other developments, Darryl E. Mast has retired from Middlefield Banc Corp.’s Board of Directors after 14 years of service. Mast joined the board in 2011 and significantly contributed to the bank’s strategic direction and growth. Ronald L. Zimmerly, Jr., the company’s President and CEO, acknowledged Mast’s dedication and leadership during his tenure.
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