Mercantile Bank increases quarterly dividend 3% to 38c per share

Mercantile Bank (MBWM) announced that its board declared a regular quarterly cash dividend of 38c per common share, payable on September 17 to holders of record as of September 5. The 38c cash dividend represents increases of nearly 3% and 6% from the cash dividends paid during the second quarter of 2025 and third quarter of 2024, respectively.