Mercantile Bank Corporation (MBWM) will raise its quarterly dividend by 5.9 percent to $0.18 per share. The dividend will be payable on March 22, 2017 to holders of record as of March 10, 2017.

"We are pleased that our ongoing strong financial performance has positioned us to grow the regular cash dividend," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile. The increased cash dividend reflects our continuing commitment to provide a meaningful return to shareholders and the confidence of our Board of Directors and executive management team in Mercantile's future."

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