Mechanics Bancorp Declares $0.40 Dividend on Class A Common Stock
Mechanics Bancorp has approved a cash dividend of $0.40 per share on its Class A common stock, payable next month. The company also declared a $4.00 per share dividend on Class B common stock.
Mechanics Bancorp (NASDAQ: MCHB), a community banking company, declared a cash dividend of $0.40 per share on its Class A common stock. The dividend will be paid on March 19, 2026, to shareholders of record as of March 9, 2026. Read more dividend announcements.
The board of directors approved the dividend on February 25, 2026. In a separate action, the board also approved a $4.00 per share dividend on the company's Class B common stock, payable on the same schedule.
| Detail | Class A Common Stock | Class B Common Stock |
|---|---|---|
| Dividend Amount | $0.40 per share | $4.00 per share |
| Record Date | March 9, 2026 | March 9, 2026 |
| Payment Date | March 19, 2026 | March 19, 2026 |
Bylaw Amendments
The board also approved amendments to the company's bylaws on the same date. The changes clarify that Mechanics Bancorp shares will be uncertificated unless the board determines otherwise, with uncertificated shares recorded in book-entry form.
The amendments revised Sections 4.1 and 4.3 of the company's Amended and Restated Bylaws to reflect the shift toward electronic share recordkeeping. The changes took effect immediately on February 25, 2026.