Mercantile Bank (MBWM) Raises Quarterly Dividend 4% to $0.26; 3.2% Yield

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Go back to Mercantile Bank (MBWM) Raises Quarterly Dividend 4% to $0.26; 3.2% Yield

Mercantile Bank Corporation Increases Regular Cash Dividend

January 22, 2019 5:00 AM EST

GRAND RAPIDS, Mich., Jan. 22, 2019 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on January 17, 2019, its Board of Directors declared a regular quarterly cash dividend of $0.26 per common share, payable on March 20, 2019, to holders of record as of March 8, 2019.  The $0.26 cash dividend represents an increase of 4.0 percent from the $0.25 regular cash dividend paid during the fourth quarter of 2018.

"We are very pleased that our ongoing financial strength has allowed us to reward shareholders with a higher regular quarterly cash dividend," said Robert B. Kaminski, Jr., President and... More