Mercantile Bank (MBWM) Declares $0.28 Quarterly Dividend; 5.1% Yield

Mercantile Bank (NASDAQ: MBWM) declared a quarterly dividend of $0.28 per share, or $1.12 annualized.

The dividend will be payable on June 17, 2020, to stockholders of record on June 5, 2020, with an ex-dividend date of June 4, 2020.

The annual yield on the dividend is 5.1 percent.

"We are pleased that our sustained financial strength allowed us to once again reward shareholders with a competitive dividend yield," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile. "We are carefully monitoring the potential impacts of the COVID-19 pandemic. As always, we remain committed to providing our shareholders with a meaningful cash return, and will seek to do so within the context of good capital management. Should circumstances warrant, we may elect to adjust future dividends to preserve capital for lending and other purposes."

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

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