MBWM - Dividend announcements

Board of Directors declares $0.39 regular quarterly cash dividend on common stock,resulting in a current annual yield of approximately 2.9% percent GRAND RAPIDS, Mich., April 21, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on April 16, 2026, its Board of Directors declared a regular quarterly cash dividend of $0.39 per common share, payable on June 17, 2026, to holders of record as of June 5, 2026. The $0.39 cash dividend is 5.4 percent higher than the cash dividend paid during the second quarter of 2025. "Our sustained stre

Board declares $0.39 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.1% percent GRAND RAPIDS, Mich., Jan. 20, 2026 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on January 15, 2026, its Board of Directors declared a regular quarterly cash dividend of $0.39 per common share, payable on March 18, 2026, to holders of record as of March 6, 2026. The $0.39 cash dividend is 2.6 percent and 5.4 percent higher than the cash dividends paid during the fourth quarter and first quarter of 2025, respectively.

Board declares $0.38 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.4% percent  GRAND RAPIDS, Mich., Oct. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on October 16, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.38 per common share, payable on December 17, 2025, to holders of record as of December 5, 2025. The $0.38 cash dividend represents an increase of nearly 6 percent from the cash dividend paid during the fourth quarter of 2024.

Board declares $0.38 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.1 percent GRAND RAPIDS, Mich., July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on July 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.38 per common share, payable on September 17, 2025, to holders of record as of September 5, 2025. The $0.38 cash dividend represents increases of nearly 3 percent and 6 percent from the cash dividends paid during the second quarter of 2025 and third quarter of 2024, respectively.

Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.6 percent  GRAND RAPIDS, Mich., April 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today 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. "We are very pleased that ou

Board declares $0.37 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.4 percent GRAND RAPIDS, Mich., Jan. 21, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on January 16, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on March 19, 2025, to holders of record as of March 7, 2025.  The $0.37 cash dividend is 2.8 percent and 5.7 percent higher than the cash dividends paid during the fourth quarter and first quarter of 2024, respectively.

Board declares $0.36 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.5 percent  GRAND RAPIDS, Mich., Oct. 15, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on October 10, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.36 per common share, payable on December 18, 2024, to holders of record as of December 6, 2024. The $0.36 cash dividend represents an increase of nearly 6 percent from the cash dividend paid during the fourth quarter of 2023.

Board declares $0.36 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.4 percent GRAND RAPIDS, Mich., July 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on July 11, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.36 per common share, payable on September 18, 2024, to holders of record as of September 6, 2024.  The $0.36 cash dividend represents increases of nearly 3 percent and 6 percent from the cash dividends paid during the second quarter of 2024 and third quarter of 2023, respectively.

Board declares $0.35 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.9 percent  GRAND RAPIDS, Mich., April 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on April 11, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.35 per common share, payable on June 19, 2024, to holders of record as of June 7, 2024.  The $0.35 cash dividend is approximately 6 percent higher than the cash dividend paid during the second quarter of 2023. "We are very pl

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

GRAND RAPIDS, Mich., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on October 12, 2023, its Board of Directors declared a regular quarterly cash dividend of $0.34 per common share, payable on December 13, 2023, to holders of record as of December 1, 2023. "We are very pleased that our demonstrated strong operating results and belief that we are well positioned to realize solid financial performance in future periods allowed us to once again provide shareholders with competitive returns on their investments," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile. "Building shareholder value throug

Board declares $0.34 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 4.8 percent GRAND RAPIDS, Mich., July 18, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on July 13, 2023, its Board of Directors declared a regular quarterly cash dividend of $0.34 per common share, payable on September 13, 2023, to holders of record as of September 1, 2023.  The $0.34 cash dividend represents an increase of 3.0 percent from the $0.33 regular cash dividend paid during the second quarter of 2023. "As evidenced by our Board's declaration of an increased third quarter regular cash dividend, we remain comm

Board declares $0.33 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 4.6 percent GRAND RAPIDS, Mich., April 18, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on April 13, 2023, its Board of Directors declared a regular quarterly cash dividend of $0.33 per common share, payable on June 14, 2023, to holders of record as of June 2, 2023. "We are very pleased that our ongoing, robust financial performance permitted us to carry on our regular cash dividend program as we continue to face the challenges posed by uncertain economic conditions and a volatile interest rate environment," said Robe

Board declares $0.33 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 3.8 percent GRAND RAPIDS, Mich., Jan. 17, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on January 12, 2023, its Board of Directors declared a regular quarterly cash dividend of $0.33 per common share, payable on March 15, 2023, to holders of record as of March 3, 2023.  The $0.33 cash dividend represents an increase of over 3 percent from the $0.32 regular cash dividend paid during the fourth quarter of 2022. "The Board's declaration of an increased first quarter regular cash dividend demonstrates our ongoing commitme

Board declares $0.32 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 4.0 percent GRAND RAPIDS, Mich., Oct. 18, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on October 13, 2022, its Board of Directors declared a regular quarterly cash dividend of $0.32 per common share, payable on December 14, 2022, to holders of record as of December 2, 2022. "We are very pleased that our sustained strong operating performance and robust capital position allowed us to declare a fourth quarter regular cash dividend while providing full support for our ongoing strong loan growth," said Robert B. Kaminski

Board declares $0.31 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 3.6 percent GRAND RAPIDS, Mich., April 19, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on April 14, 2022, its Board of Directors declared a regular quarterly cash dividend of $0.31 per common share, payable on June 15, 2022, to holders of record as of June 3, 2022. "As demonstrated by our Board's declaration of a second quarter cash dividend, we believe our sustained overall financial strength positions us well to build shareholder value through meaningful cash returns and also meet growth objectives," said Robert B.

GRAND RAPIDS, Mich., Jan. 18, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on January 13, 2022, its Board of Directors declared a regular quarterly cash dividend of $0.31 per common share, payable on March 16, 2022, to holders of record as of March 4, 2022.  The $0.31 cash dividend represents an increase of over 3 percent from the $0.30 regular cash dividend paid during the fourth quarter of 2021. "We are very pleased that our strong financial standing prior to and during the ongoing COVID-19 pandemic has enabled us to continue our regular cash dividend program and provide shareholders with competitive dividend yields," said Robert B. Kam

GRAND RAPIDS, Mich., Oct. 19, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on October 14, 2021, its Board of Directors declared a regular quarterly cash dividend of $0.30 per common share, payable on December 15, 2021, to holders of record as of December 3, 2021. "As evidenced by the declaration of the fourth quarter cash dividend, we remain committed to providing shareholders with meaningful cash returns," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile.  "Our sustained financial strength during the ongoing COVID-19 pandemic has enabled us to continue our regular cash dividend program and reward sharehol

GRAND RAPIDS, Mich., July 20, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on July 15, 2021, its Board of Directors declared a regular quarterly cash dividend of $0.30 per common share, payable on September 15, 2021, to holders of record as of September 3, 2021.  The $0.30 cash dividend represents an increase of 3.4 percent from the $0.29 regular cash dividend paid during the second quarter of 2021. "We are very pleased that our continuing strong operating performance and overall financial strength enabled us to declare an increased regular quarterly cash dividend," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Me

GRAND RAPIDS, Mich., April 20, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") reported net income of $14.2 million, or $0.87 per diluted share, for the first quarter of 2021, compared with net income of $10.7 million, or $0.65 per diluted share, for the respective prior-year period. "We are very pleased to begin 2021 with a quarter of robust financial performance," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile.  "Our strong financial results include ongoing strength in mortgage banking income, sound asset quality, solid growth in core commercial loans, and managed overhead costs.  The extraordinary efforts of the Merca

GRAND RAPIDS, Mich., April 20, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ:MBWM) ("Mercantile") announced today that on April 15, 2021, its Board of Directors declared a regular quarterly cash dividend of $0.29 per common share, payable on June 16, 2021, to holders of record as of June 4, 2021. "The declaration of the second quarter cash dividend reflects our ongoing commitment to building shareholder value through meaningful cash returns," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile.  "Our position of financial strength at the onset of the COVID-19 pandemic and subsequent strong operating performance have allowed us to continue our cash div

GRAND RAPIDS, Mich., Jan. 19, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $14.1 million, or $0.87 per diluted share, for the fourth quarter of 2020, compared with net income of $13.3 million, or $0.81 per diluted share, for the respective prior-year period.  For the full year 2020, Mercantile reported net income of $44.1 million, or $2.71 per diluted share, compared with net income of $49.5 million, or $3.01 per diluted share, for the full year 2019. "We are very pleased to report another year of strong financial performance, especially when considering the unprecedented operating environment posed by the ongoing COVID-19 pandemic,

GRAND RAPIDS, Mich., Jan. 19, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on January 14, 2021, its Board of Directors declared a regular quarterly cash dividend of $0.29 per common share, payable on March 17, 2021, to holders of record as of March 5, 2021.  The $0.29 cash dividend represents an increase of approximately 4 percent from the $0.28 regular cash dividend paid during the fourth quarter of 2020. "We are very pleased that our ongoing strong financial position enabled us to continue our cash dividend program," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile.  "Although we faced various challe