M&F Bancorp, Inc. (OTCMKTS:MFBP) Plans Quarterly Dividend of $0.05

M&F Bancorp, Inc. (OTCMKTS:MFBP) announced a quarterly dividend on Tuesday, October 22nd,NASDAQ Dividends reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.05 per share by the financial services provider on Friday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Thursday, November 21st.

M&F Bancorp Stock Performance

M&F Bancorp stock opened at $18.50 on Wednesday. M&F Bancorp has a one year low of $11.35 and a one year high of $19.74. The stock has a 50-day moving average of $18.40 and a two-hundred day moving average of $16.79.

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.