DIVIDEND ANNOUNCEMENT: Mercantile Bank Corp. (NASDAQ:MBWM) on 01/21/2025 declared a dividend of $0.3700 per share

Mercantile Bank Corp. (NASDAQ:MBWM) on 01/21/2025 declared a dividend of $ 0.3700 per share payable on March 19, 2025 to shareholders of record as of March 07, 2025. Dividend amount recorded is an increase of $ 0.01 from last dividend Paid.

Mercantile Bank Corp. (NASDAQ:MBWM) has paid dividends since 2003, has a current dividend yield of 3.2571818829% and has increased its dividends for 5 successive years.

Mercantile Bank Corp.'s market cap is $ 713,637,820 and has a PE ratio of 8.90. The stock price closed yesterday at $ 44.21 and has a 52 week low/high of $ 33.64 and $ 52.98.

Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits.

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