Mercantile Bank declares $0.40 quarterly cash dividend

• Mercantile Bank Corporation declared a regular quarterly cash dividend of $0.40 per common share, payable on December 16, 2026.
• The dividend represents a 5.3% increase from the $0.38 paid in Q4 2025 and an indicated annualized dividend of $1.60 per share.
• Mercantile reported an estimated annual dividend yield of 2.7%, although future payments remain subject to board approval and market conditions.

Mercantile Bank Corporation (NASDAQ:MBWM) declared a quarterly cash dividend of $0.40 per common share, payable December 16, 2026, to eligible shareholders.

The payment represents a 5.3% increase from the $0.38 dividend declared for the fourth quarter of 2025.

The board approved the dividend on October 15, continuing the bank's quarterly shareholder distribution program without increasing the previous quarter's payment.

Shareholders must be recorded as holders on December 4, 2026, with the declared dividend representing an annualized rate of $1.60 per share.

Mercantile indicated a current annual dividend yield of approximately 2.7%, although future quarterly distributions require separate board approval.

The bank increased its quarterly dividend to $0.40 in July 2026, following payments of $0.39 during the first two quarters.