- Mercantile Bank Corporation (MBWM, Financial) declares a 5.7% increase in quarterly dividend.
- Dividend set at $0.37 per share, yielding an annual 3.6% return.
- Payable June 18, 2025, to shareholders recorded by June 6, 2025.
Mercantile Bank Corporation (MBWM) has announced a significant milestone by declaring a regular quarterly cash dividend of $0.37 per common share. This represents a notable 5.7% increase from the dividend paid in the second quarter of 2024. Shareholders can expect a robust annual yield of approximately 3.6% from this dividend.
The dividend will be disbursed on June 18, 2025, to all shareholders recorded as of June 6, 2025. This decision underscores Mercantile's commitment to providing shareholder value amidst uncertain economic conditions. According to President and CEO Ray Reitsma, the company’s strong financial performance in the first quarter of 2025 has empowered this increase, supported by a solid balance sheet structure that ensures capital is available for anticipated asset growth.
Mercantile Bank, a major bank based in Grand Rapids, Michigan, continues to distinguish itself with professional and personalized financial services. The bank remains focused on maintaining its strong operational outcomes to sustain and grow its dividend program, despite the challenges posed by economic uncertainties.
