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Banks Declare Quarterly Dividends
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SmartFinancial and Macatawa Bank Corporation have both declared quarterly cash dividends for their shareholders. SmartFinancial's dividend will be payable on August 28, 2023, to shareholders of record as of August 11, 2023. Macatawa Bank Corporation's dividend will be paid on August 30, 2023, to shareholders of record on August 15, 2023.
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How might these dividend declarations impact the stock prices of SmartFinancial and Macatawa Bank Corporation?
What are the potential benefits and risks associated with declaring quarterly dividends for banks?
What factors might have influenced the decision to declare quarterly dividends by SmartFinancial and Macatawa Bank Corporation?
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