Metropolitan Bank Holding Corp. announced that its board of directors has approved a capital plan contemplating the declaration of a quarterly cash dividend. This dividend on the company’s common stock could commence as early as the third quarter of 2025, subject to further board approval.
This marks a significant development for shareholders, as it would be the company's first cash dividend since its initial public offering in 2017. The initiation of a regular dividend indicates a mature and stable financial position.
The move is part of the company's broader capital management strategy, which also includes its recently launched common stock repurchase program. This commitment to shareholder returns underscores the bank's confidence in its ongoing financial performance and capital adequacy.
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