Mercantile Bank (MBWM) Declares $0.34 Quarterly Dividend; 4.4% Yield

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Mercantile Bank Corporation Declares Regular Cash Dividend

October 17, 2023 5:00 AM EDT

GRAND RAPIDS, Mich., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Mercantile Bank Corporation (NASDAQ: MBWM) (Mercantile) announced today that on October 12, 2023, its Board of Directors declared a regular quarterly cash dividend of $0.34 per common share, payable on December 13, 2023, to holders of record as of December 1, 2023.

We are very pleased that our demonstrated strong operating results and belief that we are well positioned to realize solid financial performance in future periods allowed us to once again provide shareholders with competitive returns on their investments, said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile. Building... More