Mercantile Bank (MBWM) Raises Quarterly Dividend 3.1% to $0.33; 3.8% Yield

Mercantile Bank (NASDAQ: MBWM) declared a quarterly dividend of $0.33 per share, or $1.32 annualized. This is a 3.1% increase from the prior dividend of $0.32.

The dividend will be payable on March 15, 2023, to stockholders of record on March 3, 2023, with an ex-dividend date of March 2, 2023.

The annual yield on the dividend is 3.8 percent.

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

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