Mercantile Bank (MBWM) Declares $0.31 Quarterly Dividend; 3.3% Yield

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Go back to Mercantile Bank (MBWM) Declares $0.31 Quarterly Dividend; 3.3% Yield

Mercantile Bank Corporation Increases Regular Cash Dividend

January 18, 2022 6:00 AM EST

GRAND RAPIDS, Mich., Jan. 18, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on January 13, 2022, its Board of Directors declared a regular quarterly cash dividend of $0.31 per common share, payable on March 16, 2022, to holders of record as of March 4, 2022.  The $0.31 cash dividend represents an increase of over 3 percent from the $0.30 regular cash dividend paid during the fourth quarter of 2021.

"We are very pleased that our strong financial standing prior to and during the ongoing COVID-19 pandemic has enabled us to continue our regular cash dividend program and provide... More