Mercantile Bank (MBWM) Raises Quarterly Dividend 5.6% to $0.19; 2.4% Yield

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Go back to Mercantile Bank (MBWM) Raises Quarterly Dividend 5.6% to $0.19; 2.4% Yield

Mercantile Bank Corporation Increases Cash Dividend

July 18, 2017 6:00 AM EDT

GRAND RAPIDS, Mich., July 18, 2017 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 13, 2017, its Board of Directors declared a regular quarterly cash dividend of $0.19 per common share, payable on September 20, 2017 to holders of record as of September 8, 2017.  The $0.19 cash dividend represents an increase of approximately 6 percent from the $0.18 cash dividend paid during the first and second quarters of 2017.

"We are pleased that our continuing financial strength allowed us to declare an increased third quarter cash dividend," said Robert B. Kaminski, Jr., President and Chief Executive Officer of... More