Mercantile Bank Corp (MBWM) Declares $2.00 Special Dividend; 9.6% Yield

Mercantile Bank Corp (NASDAQ: MBWM) declared a special dividend of $2.00 per share.

The dividend will be payable on May 29, 2014, to stockholders of record on May 22, 2014.

The annual yield on the dividend is 9.6 percent.

"After many months of diligent effort, we are pleased to receive regulatory approval for this merger and declare this special dividend, as promised to Mercantile shareholders," said Michael Price, Chairman and CEO of Mercantile. "This announcement positions both our companies to close this merger and complete the integration process in a timely manner."

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

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