Mercantile Bank (MBWM) Raises Quarterly Dividend 3.6% to $0.29; 4% Yield

Mercantile Bank (NASDAQ: MBWM) declared a quarterly dividend of $0.29 per share, or $1.16 annualized. This is a 3.6% increase from the prior dividend of $0.28.

The dividend will be payable on March 17, 2021, to stockholders of record on March 5, 2021, with an ex-dividend date of March 4, 2021.

The annual yield on the dividend is 4 percent.

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

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