Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.6 percent
Mercantile Bank Corporation announced that on April 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on June 18, 2025, to holders of record as of June 6, 2025. The $0.37 cash dividend is 5.7 percent higher than the cash dividend paid during the second quarter of 2024.
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“We are very pleased that our longstanding strength in financial metrics was sustained during the first quarter of 2025, enabling us to continue our regular cash dividend program and once again provide shareholders with meaningful cash returns on their investments,” said Ray Reitsma, President and Chief Executive Officer of Mercantile. “Although economic and operating conditions remain uncertain, we believe our sound balance sheet structure and expectation of continued strong operating results in forthcoming periods as anticipated should permit us to continue to build shareholder value while providing ample capital support for expected asset growth.”
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About Mercantile Bank Corporation
Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank. Mercantile provides financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Distinguished by exceptional service, knowledgeable staff, and a commitment to the communities it serves, Mercantile is one of the largest Michigan-based banks with assets of approximately $6.1 billion. Mercantile Bank Corporation’s common stock is listed on the NASDAQ Global Select Market under the symbol “MBWM.” For more information about Mercantile, and follow us on Facebook, Instagram, X (formerly Twitter) @MercBank, and LinkedIn @merc-bank.
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Source – PR Newswire
