Shares of M&F Bancorp, Inc. (OTCMKTS:MFBP – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.87 and traded as low as $12.40. M&F Bancorp shares last traded at $12.75, with a volume of 10,626 shares changing hands.
M&F Bancorp Trading Down 1.6 %
The company’s 50-day simple moving average is $12.19 and its 200 day simple moving average is $13.84.
M&F Bancorp Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.20 annualized dividend and a dividend yield of 1.59%. This is an increase from M&F Bancorp’s previous quarterly dividend of $0.04.
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.
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