Mercantile Bank (MBWM) Declares $0.35 Quarterly Dividend; 3.7% Yield
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Mercantile Bank Corporation Increases Regular Cash Dividend
January 16, 2024 5:00 AM ESTGRAND RAPIDS, Mich., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Mercantile Bank Corporation (NASDAQ: MBWM) (Mercantile) announced today that on January 11, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.35 per common share, payable on March 13, 2024, to holders of record as of March 1, 2024.  The $0.35 cash dividend is approximately 3 percent and 6 percent higher than the cash dividends paid during the fourth quarter and first quarter of 2023, respectively.
The Boards declaration of an increased first quarter regular cash dividend reflects our unwavering commitment to provide shareholders with competitive returns on their investments, said Robert B.... More
