Mercantile Bank (MBWM) Raises Quarterly Dividend 3.7% to $0.28; 3.2% Yield

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Go back to Mercantile Bank (MBWM) Raises Quarterly Dividend 3.7% to $0.28; 3.2% Yield

Mercantile Bank Corporation Increases Regular Cash Dividend

January 21, 2020 5:00 AM EST

GRAND RAPIDS, Mich., Jan. 21, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on January 16, 2020, its Board of Directors declared a regular quarterly cash dividend of $0.28 per common share, payable on March 18, 2020, to holders of record as of March 6, 2020.  The $0.28 cash dividend represents an increase of approximately 4 percent from the $0.27 regular cash dividend paid during the fourth quarter of 2019.

"We are very pleased that our strong financial condition allowed us to grow the regular quarterly cash dividend," said Robert B. Kaminski, Jr., President and Chief Executive... More