Mercantile Bank Corp. (NASDAQ:MBWM) on 01/22/2019 declared a dividend of $ 0.2600 per share payable on March 20, 2019 to shareholders of record as of March 08, 2019. Dividend amount recorded is a decrease of $ 0.49 from last dividend Paid.

Mercantile Bank Corp. (NASDAQ:MBWM) has paid dividends since 2003, has a current dividend yield of 3.2348363400% and has increased its dividends for 1 successive years.

Mercantile Bank Corp.'s market cap is $ 533,497,100 and has a PE ratio of 13.80. The stock price closed yesterday at $ 32.15 and has a 52 week low/high of $ 26.40 and $ 38.47.

Mercantile Bank is a bank holding company. Through its subsidiary, Mercantile Bank of Michigan (the bank), Co. provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Co.'s operations are centered around the West and Central portions of Michigan. The bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The bank enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. As of Dec 31 2017, Co. had total assets of $3,286,704,000 and total deposits of $2,522,365,000.

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