Mercantile Bank Corp Raised Q2 Dividend By 3% YoY To $0.34
Portfolio Pulse from Benzinga Newsdesk
Mercantile Bank Corporation (NASDAQ:MBWM) has announced a 3% YoY increase in its Q2 dividend to $0.34 per common share, payable on September 13, 2023.
July 18, 2023 | 9:04 am
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Mercantile Bank Corporation's dividend increase may attract income-focused investors, potentially leading to a short-term increase in stock price.
Dividend increases are often seen as a sign of a company's financial health and can attract income-focused investors. This could lead to increased demand for the stock, potentially driving up the price in the short term.
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