Mercantile Bank (MBWM) Raises Quarterly Dividend 3.6% to $0.29; 4% Yield

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Go back to Mercantile Bank (MBWM) Raises Quarterly Dividend 3.6% to $0.29; 4% Yield

Mercantile Bank Corporation Increases Regular Cash Dividend

January 19, 2021 6:00 AM EST

GRAND RAPIDS, Mich., Jan. 19, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on January 14, 2021, its Board of Directors declared a regular quarterly cash dividend of $0.29 per common share, payable on March 17, 2021, to holders of record as of March 5, 2021.  The $0.29 cash dividend represents an increase of approximately 4 percent from the $0.28 regular cash dividend paid during the fourth quarter of 2020.

"We are very pleased that our ongoing strong financial position enabled us to continue our cash dividend program," said Robert B. Kaminski, Jr., President and Chief Executive Officer... More