Mercantile Bank Corporation Increases Q3 Regular Cash Dividend To $0.36/Share, Up By 3% QoQ And 6% YoY
Portfolio Pulse from Benzinga Newsdesk
Mercantile Bank Corporation (NASDAQ:MBWM) announced an increase in its Q3 regular cash dividend to $0.36 per share, representing a 3% increase QoQ and a 6% increase YoY. The dividend will be payable on September 18, 2024, to shareholders of record as of September 6, 2024.
July 16, 2024 | 9:02 am
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Mercantile Bank Corporation has increased its Q3 regular cash dividend to $0.36 per share, marking a 3% increase from the previous quarter and a 6% increase from the same quarter last year. This move signals strong financial health and a commitment to returning value to shareholders.
The increase in the dividend indicates Mercantile Bank Corporation's strong financial performance and commitment to shareholder returns. This is likely to positively impact the stock price in the short term as investors react to the increased dividend payout.
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