MetroCity declares 23c per share dividend, continues share repurchase program

MetroCity Bankshares announced that its board of directors declared a quarterly cash dividend of 23c per share on its common stock. The cash dividend is payable on November 8 to shareholders of record as of October 30. The company also announced that its board of directors has approved the continuation of its share repurchase program that expired on September 30, and authorized the company to repurchase up to 925,250 shares of the company’s outstanding shares of common stock, which is the number of remaining shares authorized for repurchase from the prior share repurchase plan. The share repurchase program will begin on October 17 and end on September 30, 2025.