Mercantile Bank (MBWM) Raises Quarterly Dividend 3.4% to $0.30; 4.1% Yield

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Go back to Mercantile Bank (MBWM) Raises Quarterly Dividend 3.4% to $0.30; 4.1% Yield

Mercantile Bank Corporation Increases Regular Cash Dividend

July 20, 2021 5:00 AM EDT

GRAND RAPIDS, Mich., July 20, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 15, 2021, its Board of Directors declared a regular quarterly cash dividend of $0.30 per common share, payable on September 15, 2021, to holders of record as of September 3, 2021.  The $0.30 cash dividend represents an increase of 3.4 percent from the $0.29 regular cash dividend paid during the second quarter of 2021.

"We are very pleased that our continuing strong operating performance and overall financial strength enabled us to declare an increased regular quarterly cash dividend," said Robert B. Kaminski, Jr., President... More