Marquette National Corporation Boosts Dividend and Stock Buyback
Marquette National Corporation's Dividend Announcement
Marquette National Corporation has recently made headlines by declaring a cash dividend of $0.31 per share, marking a significant 10.7% increase from its previous quarter. This positive step reflects the company’s ongoing commitment to providing value to its shareholders. The upcoming dividend is scheduled for payment on April 1, 2025, to those shareholders recorded as of March 14, 2025.
Details on Stock Repurchase Program
In addition to the dividend announcement, Marquette National Corporation's Board of Directors has also initiated a common stock repurchase program. This program authorizes the repurchase of up to $1,000,000 of its outstanding shares at prevailing market prices. The repurchase endeavor is set to continue until December 31, 2025. Such initiatives are designed to improve the overall financial health of the company by enhancing shareholder returns.
About Marquette National Corporation
As a diversified bank holding company, Marquette National Corporation boasts total assets of approximately $2.2 billion. It operates through Marquette Bank, its banking subsidiary, which serves various community needs across the Chicagoland area. The bank provides an extensive suite of financial solutions, including retail banking, real estate lending, trust services, insurance, investments, wealth management, and business banking. With 20 branches around the region, Marquette Bank is dedicated to fostering financial growth within the communities it serves.
Banking Services Offered
Marquette Bank is positioned as a full-service community bank, catering to both individual consumers and commercial clients. Their offerings are tailored to meet a broad spectrum of financial requirements. For retail customers, the bank provides accessible checking and savings accounts, personal loans, and mortgage options. On the commercial side, it focuses on business loans and financial advisory services that assist enterprises in achieving their objectives with effective financial strategies.
Commitment to Community and Growth
The commitment of Marquette National Corporation to enhance its services and increase shareholder value showcases a proactive stance in navigating the financial landscape. By implementing strategies like the dividend boost and stock repurchase, the company is not only aiming to reward its shareholders but also to reinforce its financial stature within the market. Such measures enable the bank to demonstrate its resilience in a competitive sector while paving the way for sustainable growth.
Frequently Asked Questions
What is the recent dividend increase by Marquette National Corporation?
The Board of Directors announced a cash dividend increase of 10.7%, bringing it to $0.31 per share.
When will the dividend be payable?
The dividend will be payable on April 1, 2025, to shareholders recorded as of March 14, 2025.
What is the purpose of the stock repurchase program?
The stock repurchase program allows Marquette National Corporation to buy back up to $1,000,000 in shares to enhance shareholder value.
How does Marquette Bank support the community?
Marquette Bank provides a range of financial services including retail banking, real estate lending, trust and insurance services, actively working to support community needs.
What assets does Marquette National Corporation have?
Marquette National Corporation has total assets of approximately $2.2 billion, positioning it as a significant player in the banking sector.
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