Mercantile Bank (NASDAQ:MBWM) declared a quarterly dividend on Tuesday, January 15th. Investors of record on Friday, February 8th will be given a dividend of $0.10 per share on Friday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 2.34%.

Shares of Mercantile Bank (MBWM) opened at 17.09 on Tuesday. Mercantile Bank (MBWM) has a one year low of $10.86 and a one year high of $18.69. The stock’s 50-day moving average is currently $15.60. The company has a market cap of $147.6 million and a P/E ratio of 3.95.

Mercantile Bank Corporation is a bank holding company. The Company wholly owns Mercantile Bank of Michigan (the Bank).

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