Mercantile Bank (MBWM) will pay a $0.50 per share special dividend together with its regular quarterly dividend to $0.17 per share. The total cash dividend of $0.67 per common share is payable on December 21, 2016 to holders of record as of December 9, 2016. 

"Our ongoing regular cash dividend program and declaration of the special cash dividend reflect the confidence of our Board of Directors and management team in Mercantile's future," said Michael Price, Chairman, President and Chief Executive Officer of Mercantile.  "We are pleased that our robust capital position and earnings performance have allowed us to consistently offer a competitive dividend yield in support of our goal to provide a meaningful return to our shareholders."

 The $0.17 regular quarterly cash dividend for Mercantile Bank results in a current annual yield of 2.5%.

Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan. Mercantile provides banking services to businesses, individuals and governmental units.