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 (MBWM) Declares $0.75 Special Cash Dividend

October 16, 2018 6:06 AM EDT

Mercantile Bank (NASDAQ: MBWM) declared a special dividend of $0.75 per share.

The dividend will be payable on December 19, 2018, to stockholders of record on December 7, 2018, with an ex-dividend date of December 6, 2018.

The annual yield on the dividend is 2.3 percent.

"We are very... More

Mercantile Bank (MBWM) Reports In-Line Q3 EPS, Revenues Miss

October 16, 2018 6:02 AM EDT

Mercantile Bank (NASDAQ: MBWM) reported Q3 EPS of $0.61, in-line with the analyst estimate of $0.61. Revenue for the quarter came in at $34.5 million versus the consensus estimate of $34.69 million.

"We are pleased to report that our current quarter operating results represent a continuation of the... More