Mercantile Bank Corporation Increases Regular Cash Dividend
Mercantile Bank (NASDAQ: MBWM) has announced a regular quarterly cash dividend increase to $0.37 per common share, representing a 2.8% increase from Q4 2024 and a 5.7% rise from Q1 2024. The dividend, which provides an annual yield of approximately 3.4%, will be payable on March 19, 2025, to shareholders of record as of March 7, 2025.
President and CEO Ray Reitsma emphasized that this increase reflects the company's commitment to building shareholder value through cash returns. He noted that Mercantile's balance sheet composition and earnings have remained strong despite uncertain economic conditions, suggesting continued support for the regular dividend program while maintaining capital for asset growth.
Mercantile Bank (NASDAQ: MBWM) ha annunciato un aumento del dividendo in contante trimestrale regolare a $0,37 per azione ordinaria, rappresentando un incremento del 2,8% rispetto al quarto trimestre del 2024 e un aumento del 5,7% rispetto al primo trimestre del 2024. Il dividendo, che offre un rendimento annuale di circa 3,4%, sarà pagabile il 19 marzo 2025 agli azionisti registrati al 7 marzo 2025.
Il presidente e CEO Ray Reitsma ha sottolineato che questo incremento riflette l'impegno dell'azienda a costruire valore per gli azionisti attraverso i ritorni in contante. Ha osservato che la composizione del bilancio di Mercantile e gli utili sono rimasti solidi nonostante le incertezze economiche, suggerendo un sostegno continuo per il programma di dividendi regolari, mantenendo la capacità di crescita degli asset.
Mercantile Bank (NASDAQ: MBWM) ha anunciado un aumento del dividendo en efectivo trimestral regular a $0.37 por acción ordinaria, lo que representa un incremento del 2.8% respecto al cuarto trimestre de 2024 y un aumento del 5.7% respecto al primer trimestre de 2024. El dividendo, que proporciona un rendimiento anual de aproximadamente 3.4%, se pagará el 19 de marzo de 2025 a los accionistas registrados al 7 de marzo de 2025.
El presidente y CEO Ray Reitsma enfatizó que este aumento refleja el compromiso de la empresa de generar valor para los accionistas a través de retornos en efectivo. Observó que la composición del balance de Mercantile y las ganancias se han mantenido sólidas a pesar de las condiciones económicas inciertas, sugiriendo un apoyo continuo para el programa de dividendos regulares mientras se mantiene capital para el crecimiento de activos.
머칸타일 뱅크 (NASDAQ: MBWM)가 정기 분기 현금 배당금을 주당 $0.37로 인상한다고 발표했습니다. 이는 2024년 4분기 대비 2.8% 상승하며, 2024년 1분기 대비 5.7% 상승한 수치입니다. 이 배당금은 연간 약 3.4%의 수익률을 제공하며, 2025년 3월 19일에 2025년 3월 7일 기준 주주에게 지급될 예정입니다.
회장 겸 CEO인 레이 라이츠마는 이번 인상이 현금 반환을 통한 주주 가치를 구축하려는 회사의 헌신을 반영한다고 강조했습니다. 그는 머칸타일의 재무 구조와 수익이 불확실한 경제 상황에도 불구하고 강력하게 유지되고 있음을 언급하며, 자산 성장을 위한 자본을 유지하는 한편 정기 배당 프로그램에 대한 지속적인 지원을 시사했습니다.
Mercantile Bank (NASDAQ: MBWM) a annoncé une augmentation régulière du dividende trimestriel en espèces à 0,37 $ par action ordinaire, représentant une augmentation de 2,8 % par rapport au quatrième trimestre 2024 et une hausse de 5,7 % par rapport au premier trimestre 2024. Le dividende, qui offre un rendement annuel d'environ 3,4 %, sera versé le 19 mars 2025 aux actionnaires enregistrés au 7 mars 2025.
Le président et PDG Ray Reitsma a souligné que cette augmentation reflète l'engagement de l'entreprise à générer de la valeur pour les actionnaires via des retours en espèces. Il a noté que la composition du bilan et les bénéfices de Mercantile sont restés solides malgré des conditions économiques incertaines, suggérant un soutien continu pour le programme de dividendes réguliers tout en maintenant du capital pour la croissance des actifs.
Mercantile Bank (NASDAQ: MBWM) hat eine Erhöhung der regulären vierteljährlichen Bardividende auf 0,37 $ pro Stammaktie angekündigt, was einem Anstieg von 2,8 % gegenüber dem 4. Quartal 2024 und einem Anstieg von 5,7 % gegenüber dem 1. Quartal 2024 entspricht. Die Dividende, die eine jährliche Rendite von etwa 3,4 % bietet, wird am 19. März 2025 an bestehende Aktionäre ausgezahlt, die am 7. März 2025 registriert sind.
Präsident und CEO Ray Reitsma betonte, dass diese Erhöhung das Engagement des Unternehmens widerspiegelt, den Wert für die Aktionäre durch Barmittelrückflüsse zu steigern. Er stellte fest, dass die Bilanzstruktur und die Erträge von Mercantile trotz unsicherer wirtschaftlicher Bedingungen stark geblieben sind, was darauf hindeutet, dass das reguläre Dividendenprogramm weiterhin unterstützt wird, während Kapital für das Wachstum von Vermögenswerten erhalten bleibt.
- Quarterly dividend increased by 2.8% quarter-over-quarter
- 5.7% year-over-year dividend growth
- Current annual yield of 3.4%
- Strong balance sheet composition and earnings performance reported
- Sufficient capital available for growth while maintaining dividend program
- None.
Board declares
resulting in a current annual yield of approximately 3.4 percent
"The Board of Directors' declaration of an increased first quarter regular cash dividend demonstrates our steadfast commitment to building shareholder value through worthwhile cash returns," said Ray Reitsma, President and Chief Executive Officer of Mercantile. "Our balance sheet composition and earnings performance have remained robust during the prolonged period of uncertain economic and operating conditions, which combined with the realization of solid financial results in future periods as expected, should allow us to continue our regular cash dividend program while maintaining sufficient capital support for anticipated asset growth."
About Mercantile Bank Corporation
Based in
Forward-Looking Statements
This news release contains statements or information that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods. Any such statements are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; increasing rates of inflation and slower growth rates or recession; significant declines in the value of commercial real estate; market volatility; demand for products and services; climate impacts; labor markets; the degree of competition by traditional and nontraditional financial services companies; changes in banking regulation or actions by bank regulators; changes in tax laws and other laws and regulations applicable to us; changes in prices, levies, and assessments; the impact of technological advances; potential cyber-attacks, information security breaches and other criminal activities; litigation liabilities; governmental and regulatory policy changes; the outcomes of existing or future contingencies; trends in customer behavior as well as their ability to repay loans; changes in local real estate values; damage to our reputation resulting from adverse publicity, regulatory actions, litigation, operational failures, and the failure to meet client expectations and other facts; the transition from LIBOR to SOFR; changes in the national and local economies; unstable political and economic environments; disease outbreaks, such as the COVID-19 pandemic or similar public health threats, and measures implemented to combat them; and other factors, including those expressed as risk factors, disclosed from time to time in filings made by Mercantile with the Securities and Exchange Commission. Mercantile undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise. Investors are cautioned not to place undue reliance on any forward-looking statements contained herein.
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SOURCE Mercantile Bank Corporation
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