Mechanics Bank of Richmond to Pay $1168 Cash Dividend Soon

Mechanics Bank of Richmond (CA) (OTC: MCHB) stock goes ex-dividend on Wednesday, November 16, 2022 ahead of the upcoming cash dividend payment of $1,168.00 USD per share.

Ex-Dividend Date Explained

To determine whether or not an investor can expect to receive a dividend, they’ll need to look at two important dates – the “record date” or “date of record” and the “ex-dividend date” or “ex-date.” When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend. Once the company sets the record date, the ex-date is set based on stock exchange rules and other factors. The ex-dividend date for stocks is usually set one business day before the record date. If an investor buys a stock on its ex-dividend date or after, they will not receive that next dividend payment. Instead, the seller will receive the dividend. If the investor purchases before the ex-dividend date, they will get the dividend.

About Mechanics Bank of Richmond (CA)

Mechanics Bank provides various financial services for individual clients, and small and middle-market businesses. The company offers checking and savings accounts. It also provides home and auto loans; term loans and lines of credit, multi-family lending, commercial real estate loans, owner-occupied real estate loans, equipment financing, and trade services and letters of credit; and small business administration loans. In addition, the company offers credit and debit cards; payable and receivable solutions, fraud prevention, and cash management services; merchant and payroll services, paycheck protection program solutions, and workplace benefit plans; foreign currency, cashier’s checks, wire transfers, overdraft, deposit and treasury, trust and estate, investment and asset management, retirement planning, and wealth management services; and online and mobile banking services. It operates through a network of 115 branch locations in the Greater San Francisco, Sacramento, Los Angeles, and San Diego areas, as well as Central Valley in California. Mechanics Bank was founded in 1905 and is headquartered in Walnut Creek, California.

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