Mercantile Bank (MBWM) Raises Quarterly Dividend 9.1% to $0.24; 2.6% Yield

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Go back to Mercantile Bank (MBWM) Raises Quarterly Dividend 9.1% to $0.24; 2.6% Yield

Mercantile Bank Corporation Increases Cash Dividend

July 17, 2018 6:00 AM EDT

GRAND RAPIDS, Mich., July 17, 2018 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 12, 2018, its Board of Directors declared a regular quarterly cash dividend of $0.24 per common share, payable on September 19, 2018 to holders of record as of September 7, 2018.  The $0.24 cash dividend represents an increase of approximately 9 percent from the $0.22 cash dividend paid during both the first and second quarters of 2018.

"We are very pleased that our sustained financial strength enabled us to declare an increased third quarter cash dividend, reflecting our ongoing commitment to... More