Mercantile Bank Corporation announced that on January 11, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.35 per common share, payable on March 13, 2024, to holders of record as of March 1, 2024.   The $0.35 cash dividend is approximately 3 percent and 6 percent higher than the cash dividends paid during the fourth quarter and first quarter of 2023, respectively.