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Mercantile Bank (MBWM) Dividend Yield, Date & History

Mercantile Bank logo
$52.11 +0.10 (+0.19%)
Closing price 05/8/2026 04:00 PM Eastern
Extended Trading
$51.86 -0.25 (-0.48%)
As of 05/8/2026 05:40 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Mercantile Bank Dividend Summary

Dividend Yield
2.99%
Annual Dividend
$1.56
Next
Dividend Payment
Jun. 17
Dividend Increase
Track Record
14 Years
Annualized 5-Year
Dividend Growth
6.02%
Dividend Payout Ratio
28.01%

Mercantile Bank (MBWM) pays an annual dividend of $1.56 per share, with a dividend yield of 2.99%. The next quarterly payment of $0.39 per share is scheduled for Wednesday, June 17, to investors who own the stock before the ex-dividend date of Friday, June 5. MBWM has grown its dividend for 14 consecutive years, with an average annual increase of 6.02% in the past 5 years. The company currently pays out 28.01% of its earnings and 28.29% of its cash flow as dividends.

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Skip Charts & View Dividend History

MBWM Dividend Payments by Quarter

The chart below displays up to four years of Mercantile Bank's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

MBWM Dividend Yield Over Time

The chart below tracks Mercantile Bank's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Mercantile Bank vs. The Competition

Compare Mercantile Bank's annual dividend and yield with averages for Finance and NASDAQ companies to evaluate its performance against the market.

TypeMercantile BankFinance CompaniesNASDAQ Companies
Annual Dividend$1.56$0.02$1.62
Dividend Yield2.99%5.75%5.20%
Track Record14 years8 years10 years

Mercantile Bank Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings28.01%
Based on This Year's Estimate27.71%
Based on Next Year's Estimate26.62%
Based on Cashflow28.29%

Mercantile Bank Dividend History by Quarter

Export
AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
4/16/2026quarterly$0.39 - 3.03%6/5/20266/5/20266/17/2026
1/15/2026quarterly$0.39+$0.01
2.63%		3.1%3/6/20263/6/20263/18/2026
10/16/2025quarterly$0.38 - 3.26%12/5/202512/5/202512/17/2025
7/17/2025quarterly$0.38+$0.01
2.70%		3.12%9/5/20259/5/20259/17/2025
4/17/2025quarterly$0.37 - 3.6%6/6/20256/6/20256/18/2025
1/16/2025quarterly$0.37+$0.01
2.78%		3%3/7/20253/7/20253/19/2025
10/10/2024quarterly$0.36 - 3.23%12/6/202412/6/202412/18/2024
7/11/2024quarterly$0.36+$0.01
2.86%		2.91%9/6/20249/6/20249/18/2024

This table shows Mercantile Bank's quarterly dividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Mercantile Bank Dividend - Frequently Asked Questions

The current dividend yield for Mercantile Bank is 2.99%. Learn more on MBWM's dividend yield history.

The annual dividend for MBWM shares is $1.56. Learn more on MBWM's annual dividend history.

Mercantile Bank pays quarterly dividends to shareholders.

Mercantile Bank's next quarterly dividend payment of $0.39 per share will be made to shareholders on Wednesday, June 17, 2026.

Mercantile Bank's most recent quarterly dividend payment of $0.39 per share was made to shareholders on Wednesday, March 18, 2026.

Mercantile Bank's next ex-dividend date is Friday, June 5, 2026.

Mercantile Bank's most recent ex-dividend date was Friday, March 6, 2026.

Over the past five years, the company's dividend has grown by an average of 6.02% per year.

Mercantile Bank has increased its dividend for the past 14 consecutive years.

The most recent change in the company's dividend was an increase of $0.01 on Thursday, January 15, 2026.

The dividend payout ratio for MBWM is:
  • 28.01% based on the trailing year of earnings
  • 27.71% based on this year's estimates
  • 26.62% based on next year's estimates
  • 28.29% based on cash flow

Mercantile Bank's dividend yield of 3.00% is lower than the average Finance company that issues a dividend. The company's 14 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 28.01% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Mercantile Bank stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.

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This page (NASDAQ:MBWM) was last updated on 5/9/2026 by MarketBeat.com Staff.
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