Mercantile Bank (MBWM) Raises Quarterly Dividend 5.9% to $0.18; 2% Yield

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Go back to Mercantile Bank (MBWM) Raises Quarterly Dividend 5.9% to $0.18; 2% Yield

Mercantile Bank Corporation Increases Regular Cash Dividend

January 17, 2017 6:00 AM EST

GRAND RAPIDS, Mich., Jan. 17, 2017 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on January 12, 2017, its Board of Directors declared a regular quarterly cash dividend of $0.18 per common share, payable on March 22, 2017 to holders of record as of March 10, 2017.  The $0.18 cash dividend represents an increase of approximately 6 percent from the $0.17 regular cash dividend paid during the fourth quarter of 2016.

"We are pleased that our ongoing strong financial performance has positioned us to grow the regular cash dividend," said Robert B. Kaminski, Jr., President and Chief Executive Officer of... More