Mercantile Bank (MBWM) Declares $0.28 Quarterly Dividend; 5.3% Yield

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Go back to Mercantile Bank (MBWM) Declares $0.28 Quarterly Dividend; 5.3% Yield

Mercantile Bank Corporation Declares Regular Cash Dividend

July 21, 2020 5:00 AM EDT

GRAND RAPIDS, Mich., July 21, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 16, 2020, its Board of Directors declared a regular quarterly cash dividend of $0.28 per common share, payable on September 16, 2020, to holders of record as of September 4, 2020.

"We are pleased that our ongoing financial strength during the challenging environment enabled us to continue our cash dividend program," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile.  "We continue to prudently monitor the effects and potential future impacts of the COVID-19 pandemic on our... More