M&F Bancorp, Inc. (OTCMKTS:MFBP) to Issue $0.04 Quarterly Dividend

M&F Bancorp, Inc. (OTCMKTS:MFBP) declared a quarterly dividend on Tuesday, October 24th, NASDAQ reports. Shareholders of record on Friday, November 24th will be given a dividend of 0.04 per share by the financial services provider on Wednesday, December 13th. This represents a $0.16 annualized dividend and a yield of 1.18%. The ex-dividend date is Wednesday, November 22nd.

M&F Bancorp Stock Performance

MFBP opened at $13.60 on Monday. The stock’s fifty day moving average is $15.60 and its two-hundred day moving average is $18.62. M&F Bancorp has a 52 week low of $13.60 and a 52 week high of $30.75.

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.