Mercantile Bank Corporation Increases Regular Cash Dividend
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Mercantile Bank Corporation has announced an increase in its regular quarterly cash dividend to $0.37 per share, resulting in an annual yield of approximately 3.4%. The dividend is payable on March 19, 2025, to shareholders of record as of March 7, 2025.
January 21, 2025 | 10:15 am
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Mercantile Bank Corporation has increased its regular quarterly cash dividend to $0.37 per share, enhancing its attractiveness to income-focused investors with an annual yield of 3.4%.
The increase in the dividend payout is likely to attract income-focused investors, potentially boosting the stock price in the short term. The annual yield of 3.4% is competitive, making the stock more appealing.
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