Mercantile Bank (MBWM) Raises Quarterly Dividend 4.2% to $0.25; 3.1% Yield

Mercantile Bank (NASDAQ: MBWM) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 4.2% increase from the prior dividend of $0.24.

The dividend will be payable on December 19, 2018, to stockholders of record on December 7, 2018, with an ex-dividend date of December 6, 2018.

The annual yield on the dividend is 3.1 percent.

"We are very pleased that our strong capital position and operating performance allowed us to declare an increased regular quarterly cash dividend and a special cash dividend, signifying our continuing commitment to provide a meaningful cash return to our shareholders," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile. "Our sustained financial strength has put us in a position to meet growth goals and support an ongoing cash dividend program, and the cash dividends announced today express the confidence of our Board of Directors and executive management team in Mercantile's future."

For a dividend history and other dividend-related data on Mercantile Bank (MBWM) click here.

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