M&F Bancorp, Inc. (OTCMKTS:MFBP) Increases Dividend to $0.06 Per Share

M&F Bancorp, Inc. (OTCMKTS:MFBP) declared a dividend on Saturday, May 17th, investing.com reports. Stockholders of record on Thursday, May 22nd will be paid a dividend of 0.06 per share by the financial services provider on Wednesday, June 18th. This represents a dividend yield of 1.33%. The ex-dividend date is Wednesday, May 21st. This is a 50.0% increase from M&F Bancorp’s previous dividend of $0.04.

M&F Bancorp Stock Up 0.3%

Shares of MFBP opened at $18.00 on Friday. The firm’s 50 day moving average is $18.12 and its 200-day moving average is $18.79. M&F Bancorp has a 12-month low of $12.40 and a 12-month high of $24.31.

About M&F Bancorp

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.