Mercantile Bank Corporation Increases Regular Cash Dividend
Mercantile Bank Corporation's Board of Directors has declared a regular quarterly cash dividend of $0.40 per common share, resulting in an approximate annual yield of 2.8%.
Grand Rapids, Mich. – Mercantile Bank Corporation announced on July 21, 2026, that its Board of Directors declared a regular quarterly cash dividend of $0.40 per common share. The dividend is scheduled to be paid on September 16, 2026, to shareholders of record as of September 4, 2026.
The increased dividend represents a 2.6% rise from the dividend paid in the second quarter of 2026 and a 5.3% rise compared to the third quarter of 2025. CEO Ray Reitsma stated the decision reflects a commitment to shareholder value, supported by the company's strong financial performance amid economic and geopolitical uncertainties.
Mercantile Bank Corporation believes it is well-positioned to continue its dividend program while maintaining adequate capital to support asset expansion. This confidence stems from the company's strong balance sheet, asset quality, and anticipated future operating results. The bank holding company operates Mercantile Bank and Eastern Michigan Bank.
Collectively, Mercantile Bank and Eastern Michigan Bank represent one of Michigan's largest banking organizations, with combined assets totaling $6.8 billion. Mercantile Bank Corporation's common stock is listed on the NASDAQ Global Select Market under the symbol MBWM.