Mercantile Bank (MBWM) Raises Quarterly Dividend 3.1% to $0.33; 3.8% Yield

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Go back to Mercantile Bank (MBWM) Raises Quarterly Dividend 3.1% to $0.33; 3.8% Yield

Mercantile Bank Corporation Increases Regular Cash Dividend

January 17, 2023 6:00 AM EST

Board declares $0.33 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 3.8 percent

GRAND RAPIDS, Mich., Jan. 17, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on January 12, 2023, its Board of Directors declared a regular quarterly cash dividend of $0.33 per common share, payable on March 15, 2023, to holders of record as of March 3, 2023.  The $0.33 cash dividend represents an increase of over 3 percent from the $0.32 regular cash dividend paid during the fourth... More