Mercantile Bank increases quarterly dividend to 37c per share

Mercantile Bank (MBWM) announced that on January 16, its board of directors declared a regular quarterly cash dividend of 37c per common share, payable on March 19 to holders of record as of March 7. The 37c cash dividend is 2.8% and 5.7% higher than the cash dividends paid during the fourth quarter and first quarter of 2024, respectively.