Mercantile Bank Corporation Increases Regular Cash Dividend

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.

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