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Mercantile Bank (MBWM) Dividend Yield, Date & History

Mercantile Bank logo
$49.00 +0.67 (+1.39%)
(As of 10:25 AM ET)

Dividend Summary

Dividend Yield
2.94%
Annual Dividend
$1.44
Dividend Increase
Track Record
13 Years
Annualized 3-Year
Dividend Growth
6.16%
Dividend Payout Ratio
28.92%
Next
Dividend Payment
Dec. 18
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Mercantile Bank vs. The Competition

TypeMercantile BankFinance CompaniesNASDAQ Companies
Annual Dividend$1.44$2.00$1.28
Dividend Yield2.98%1,018.08%405.57%
Annualized 3-Year Dividend Growth6.16%12.92%14.30%
Track Record13 years18 years19 years

Mercantile Bank Dividend Payout Ratio

TypePayout Ratio
Based on Trailing 12 Months of Earnings28.92%
Based on This Year's Estimates29.57%
Based on Next Year's Estimates32.07%
Based on Cashflow24.73%

Mercantile Bank Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/10/2024Quarterly$0.363.23%12/6/202412/6/202412/18/2024
7/11/2024Quarterly$0.362.91%9/6/20249/6/20249/18/2024
4/11/2024Quarterly$0.354.1%6/7/20246/7/20246/19/2024
1/11/2024Quarterly$0.353.77%2/29/20243/1/20243/13/2024
10/12/2023Quarterly$0.344.12%11/30/202312/1/202312/13/2023
7/13/2023Quarterly$0.344.12%8/31/20239/1/20239/13/2023
4/13/2023Quarterly$0.334.59%6/1/20236/2/20236/14/2023
1/12/2023Quarterly$0.333.61%3/2/20233/3/20233/15/2023
10/13/2022Quarterly$0.323.98%12/1/202212/2/202212/14/2022
7/20/2022quarterly$0.323.8%9/1/20229/2/20229/14/2022
4/20/2022quarterly$0.313.5%6/2/20226/3/20226/15/2022
1/18/2022Quarterly$0.313.21%3/3/20223/4/20223/16/2022
10/19/2021Quarterly$0.303.47%12/2/202112/3/202112/15/2021
7/20/2021Quarterly$0.304.01%9/2/20219/3/20219/15/2021
4/21/2021quarterly$0.293.7%6/3/20216/4/20216/16/2021
1/19/2021Quarterly$0.294.08%3/4/20213/5/20213/17/2021
10/15/2020Quarterly$0.284.64%12/3/202012/4/202012/16/2020
7/22/2020quarterly$0.285.1%9/3/20209/4/20209/16/2020
4/22/2020quarterly$0.285.3%6/4/20206/5/20206/17/2020
1/21/2020Quarterly$0.283.2%3/5/20203/6/20203/18/2020
10/15/2019Quarterly$0.273.17%12/5/201912/6/201912/18/2019
7/16/2019Quarterly$0.273.32%9/5/20199/6/20199/18/2019
4/16/2019Quarterly$0.263.07%6/6/20196/7/20196/19/2019
1/22/2019Quarterly$0.263.03%3/7/20193/8/20193/20/2019
10/17/2018quarterly$0.253.11%12/6/201812/7/201812/19/2018
7/18/2018quarterly$0.242.65%9/6/20189/7/20189/19/2018
4/17/2018Quarterly$0.222.51%6/7/20186/8/20186/20/2018
1/16/2018Quarterly$0.222.65%3/8/20183/9/20183/21/2018
10/18/2017quarterly$0.192.03%12/7/201712/8/201712/20/2017
7/18/2017quarterly$0.192.36%9/7/20179/8/20179/20/2017
4/18/2017quarterly$0.182.16%6/7/20176/9/20176/21/2017
1/18/2017quarterly$0.182.17%3/8/20173/10/20173/22/2017
10/18/2016quarterly$0.172.5%12/7/201612/9/201612/21/2016
7/19/2016quarterly$0.172.7%9/7/20169/9/20169/21/2016
4/21/2016quarterly$0.162.63%6/8/20166/10/20166/23/2016
1/20/2016quarterly$0.162.79%3/9/20163/11/20163/23/2016
10/21/2015quarterly$0.152.86%12/9/201512/11/201512/23/2015
7/21/2015quarterly$0.152.92%9/9/20159/11/20159/23/2015
4/21/2015quarterly$0.142.71%6/10/20156/12/20156/24/2015
1/21/2015quarterly$0.142.93%3/11/20153/13/20153/25/2015
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10/21/2014quarterly$0.1212/12/201412/24/2014
10/22/2014quarterly$0.122.53%12/10/201412/12/201412/24/2014
7/22/2014quarterly$0.129/12/20149/24/2014
7/22/2014quarterly$0.122.44%9/10/20149/12/20149/24/2014
5/9/2014quarterly$0.126/13/20146/25/2014
5/12/2014quarterly$0.122.17%6/11/20146/13/20146/25/2014
5/9/2014special$2.005/22/20145/29/2014
1/21/2014quarterly$0.122/10/20143/10/2014
1/22/2014quarterly$0.122.18%2/6/20142/10/20143/10/2014
10/15/2013quarterly$0.1211/8/201312/10/2013
10/16/2013quarterly$0.122.16%11/6/201311/8/201312/10/2013
7/16/2013quarterly$0.128/9/20139/10/2013
7/16/2013quarterly$0.122.42%8/7/20138/9/20139/10/2013
4/16/2013quarterly$0.112.66%5/8/20135/10/20136/10/2013
1/15/2013quarterly$0.102.33%2/6/20132/8/20133/8/2013
(Data available from 1/1/2013 forward)

Mercantile Bank Dividend - Frequently Asked Questions

What is Mercantile Bank's dividend yield?

The current dividend yield for Mercantile Bank is 2.98%. Learn more on MBWM's dividend yield history.

How much is Mercantile Bank's annual dividend?

The annual dividend for MBWM shares is $1.44. Learn more on MBWM's annual dividend history.

How often does Mercantile Bank pay dividends?

Mercantile Bank pays quarterly dividends to shareholders.

When is Mercantile Bank's next dividend payment?

Mercantile Bank's next quarterly dividend payment of $0.36 per share will be made to shareholders on Wednesday, December 18, 2024.

When was Mercantile Bank's most recent dividend payment?

Mercantile Bank's most recent quarterly dividend payment of $0.36 per share was made to shareholders on Wednesday, September 18, 2024.

When is Mercantile Bank's ex-dividend date?

Mercantile Bank's next ex-dividend date is Friday, December 6, 2024.

When was Mercantile Bank's most recent ex-dividend date?

Mercantile Bank's most recent ex-dividend date was Friday, September 6, 2024.

Is Mercantile Bank's dividend growing?

Over the past three years, the company's dividend has grown by an average of 6.16% per year.

What track record does Mercantile Bank have of raising its dividend?

Mercantile Bank has increased its dividend for the past 13 consecutive years.

When did Mercantile Bank last increase or decrease its dividend?

The most recent change in the company's dividend was an increase of $0.01 on Thursday, July 11, 2024.

What is Mercantile Bank's dividend payout ratio?
The dividend payout ratio for MBWM is:
  • 28.92% based on the trailing year of earnings
  • 29.57% based on this year's estimates
  • 32.07% based on next year's estimates
  • 24.73% based on cash flow
Is Mercantile Bank a good dividend stock?

Mercantile Bank's dividend yield of 2.97% is lower than the average Finance company that issues a dividend. The company's 13 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Mercantile Bank's dividend payout ratio of 28.92% is at a healthy, sustainable level, below 75% of its earnings.


This page (NASDAQ:MBWM) was last updated on 11/21/2024 by MarketBeat.com Staff
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