Mercantile Bank (MBWM) Raises Quarterly Dividend 15.8% to $0.22; 2.3% Yield

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Go back to Mercantile Bank (MBWM) Raises Quarterly Dividend 15.8% to $0.22; 2.3% Yield

Mercantile Bank Corporation Increases Regular Cash Dividend

January 16, 2018 6:00 AM EST

GRAND RAPIDS, Mich., Jan. 16, 2018 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on January 11, 2018, its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share, payable on March 21, 2018, to holders of record as of March 9, 2018.  The $0.22 cash dividend represents an increase of approximately 16 percent from the $0.19 regular cash dividend paid during the fourth quarter of 2017.

"We are very pleased that our ongoing financial strength has positioned us to reward shareholders with an increased quarterly cash dividend," said Robert B. Kaminski, Jr., President and Chief... More