Merchants Bancshares (MBVT) Declares $0.28 Quarterly Dividend; 4.1% Yield; Extends Stock Buyback

Merchants Bancshares, Inc. (Nasdaq: MBVT) has declared a quarterly dividend of $0.28 per common share, $1.12 annualized. The dividend is payable February 17, 2011, to shareholders of record as of February 3, 2011. The ex-dividend date is February 1, 2011. Yield on the dividend is 4.1%. Merchants also announced the extension, through January 2012, of its stock buyback program, originally adopted in January 2007. Under the program Merchants may repurchase 200,000 shares of its common stock on the open market from time to time, and had purchased 143,475 shares during FY10.... Read more

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