Mercantile Bank (MBWM) Declares $0.22 Quarterly Dividend; 2.5% Yield

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Go back to Mercantile Bank (MBWM) Declares $0.22 Quarterly Dividend; 2.5% Yield

Mercantile Bank Corporation Declares Regular Cash Dividend

April 17, 2018 6:00 AM EDT

GRAND RAPIDS, Mich., April 17, 2018 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on April 12, 2018, its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share, payable on June 20, 2018, to holders of record as of June 8, 2018.

"We are very pleased that our sound financial condition has enabled us to once again reward shareholders with a competitive dividend yield and positioned us to meet growth initiatives," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile.  "As depicted by the sustained cash dividend... More