Mercantile Bank (MBWM) Raises Quarterly Dividend 6.3% to $0.17; 2.7% Yield
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Mercantile Bank Corporation Increases Cash Dividend
July 19, 2016 6:00 AM EDTGRAND RAPIDS, Mich., July 19, 2016 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 14, 2016, its Board of Directors declared a regular quarterly cash dividend of $0.17 per common share, payable September 21, 2016 to holders of record as of September 9, 2016. The $0.17 cash dividend represents an increase of approximately 6 percent from the $0.16 cash dividend paid during the first and second quarters of 2016.
"We are pleased that our sound financial condition has afforded us the ability to declare an increased third quarter cash dividend, reflecting our ongoing commitment to provide a meaningful return to shareholders," said Michael... More
