MBWM - Mercantile Bank Corporation Increases Regular Cash Dividend | Benzinga
GRAND 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 Board's 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. Kaminski, Jr., President and Chief Executive Officer of Mercantile. "Our sustained financial strength throughout 2023 and the realization of solid operating results in future periods as anticipated should allow us to continue our regular cash dividend program while providing ample support for expected loan growth."
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 ...