Mercantile Bank (MBWM) Declares $0.17 Quarterly Dividend; 2.6% Yield

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Go back to Mercantile Bank (MBWM) Declares $0.17 Quarterly Dividend; 2.6% Yield

Mercantile Bank Corporation Declares Cash Dividend of $0.67 Per Share

October 18, 2016 6:00 AM EDT

GRAND RAPIDS, Mich., Oct. 18, 2016 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on October 13, 2016, its Board of Directors declared a regular quarterly cash dividend of $0.17 per common share and a special cash dividend of $0.50 per common share, for a total cash dividend of $0.67 per common share, payable on December 21, 2016 to holders of record as of December 9, 2016.  The $0.17 regular quarterly cash dividend results in a current annual yield of 2.5%.

"Our ongoing regular cash dividend program and declaration of the special cash dividend reflect the confidence of our Board... More