Mercantile Bank (MBWM) Raises Quarterly Dividend 4.2% to $0.25; 3.1% Yield

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Go back to Mercantile Bank (MBWM) Raises Quarterly Dividend 4.2% to $0.25; 3.1% Yield

Mercantile Bank Corporation Declares Cash Dividend of $1.00 Per Share

October 16, 2018 6:00 AM EDT

GRAND RAPIDS, Mich., Oct. 16, 2018 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on October 11, 2018, its Board of Directors declared a regular quarterly cash dividend of $0.25 per common share and a special cash dividend of $0.75 per common share, for a total cash dividend of $1.00 per common share, payable on December 19, 2018 to holders of record as of December 7, 2018.  The $0.25 regular cash dividend, which results in a current annual yield of about 3.1 percent, represents an increase of approximately 4 percent from the $0.24 regular cash dividend paid during the third... More