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MainStreet Bancshares, Inc. (NASDAQ:MNSB) announced Wednesday that its Board of Directors has declared a cash dividend of $0.10 per share for common shareholders. According to a press release statement based on the company’s filing with the Securities and Exchange Commission, the dividend will be paid on August 13, 2025, to shareholders of record as of August 6, 2025. The dividend represents an annual yield of 1.87% based on the current stock price of $21.77. The company, with a market capitalization of approximately $160 million, has shown strong momentum with a 28.6% return over the past six months.
The company stated that decisions regarding future dividends to common shareholders will be made by the Board of Directors after reviewing MainStreet Bancshares’ financial condition, results of operations, and other relevant factors. Any future dividend declarations will remain at the discretion of the Board. InvestingPro analysis reveals that while the company faces current profitability challenges, analysts expect positive net income growth this year. Additional insights and detailed financial metrics are available with an InvestingPro subscription.
MainStreet Bancshares’ common stock trades on the Nasdaq Capital Market under the symbol MNSB. The information is based on a statement included in the company’s recent SEC filing. The stock has demonstrated strong recent performance, with a notable 9.5% return in the past week and currently trades near its 52-week high of $22.76.
In other recent news, MainStreet Bancshares announced it will hold a virtual webcast and conference call to discuss its second-quarter results and provide updates on recent activities. This event is scheduled for July 22, 2025, at 2:00 p.m. Eastern Time. Investors interested in attending the webcast are advised to contact Hattie Lester for access details. In another development, MainStreet Bancshares promoted Alex Vari to Executive Vice President and Chief Financial Officer of MainStreet Bank. Vari, a Certified Public Accountant, will assume the CFO role at the bank level, while Tom Chmelik will continue as CFO of the holding company. These recent changes reflect ongoing developments within the company.
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