MBWM - Mercantile Bank Corporation Declares Regular Cash Dividend | Benzinga
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 shareholder value through meaningful cash returns while managing our capital position to provide adequate support for projected loan growth remains a priority."
About Mercantile Bank Corporation
Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank. Mercantile provides banking services to businesses, individuals, and governmental units, and differentiates itself on the basis of service quality and the expertise of its banking staff. Mercantile has assets of approximately ...