Marquette National Corporation declares cash dividend.
CHICAGO: The Board of Directors of Marquette National Corporation declared a cash dividend of $0.25 per share, an increase of 92% from the previous quarter's dividend rate.
It will be payable on January 2, 2019 to shareholders of record on December 21, 2018. The Company also announced that its Board of Directors has authorized the repurchase of up to $2,000,000 of its outstanding common stock at prevailing market prices through open market or negotiated transactions. The repurchase program is authorized to last through December 14, 2018. As of September 30, 2018, Marquette had 4,430,249 shares issued and outstanding.
Marquette National Corporation is a diversified bank holding company with total assets of approximately $1.6 billion. The Company's banking subsidiary, Marquette Bank, is a full-service, community bank that serves the financial needs of communities in Chicagoland, offering an extensive line of financial solutions.
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|Publication:||Daily the Pak Banker (Lahore, Pakistan)|
|Date:||Oct 31, 2018|
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