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NASDAQ:MBWM

Mercantile Bank Dividend Yield, History & Payout Ratio

$25.55
-0.39 (-1.50 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$25.14
Now: $25.55
$26.10
50-Day Range
$20.25
MA: $22.82
$25.94
52-Week Range
$17.09
Now: $25.55
$37.32
Volume27,100 shs
Average Volume47,857 shs
Market Capitalization$414.78 million
P/E Ratio9.61
Dividend Yield4.38%
Beta1.08

Dividends

Mercantile Bank (NASDAQ:MBWM) Dividend Information

Mercantile Bank pays an annual dividend of $1.12 per share, with a dividend yield of 4.38%. MBWM's next quarterly dividend payment will be made to shareholders of record on Wednesday, December 16. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 17.11% each year. Mercantile Bank pays out 43.58% of its earnings out as a dividend.
MBWM Dividend Date12/16/2020
MBWM Annual Dividend$1.12
MBWM Dividend Yield4.38%
MBWM Three Year Dividend Growth60.61%
MBWM Payout Ratio43.58% (Trailing 12 Months of Earnings)
46.67% (Based on This Year's Estimates)
67.07% (Based on Next Year's Estimates)
29.68% (Based on Cash Flow)
MBWM Dividend Track Record5 Years of Consecutive Dividend Growth
MBWM Dividend FrequencyQuarterly Dividend
MBWM Most Recent Increase$0.01 increase on 1/21/2020

Dividend Payments by Month (or Quarter)


Mercantile Bank (NASDAQ:MBWM) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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
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)
This page was last updated on 11/30/2020 by MarketBeat.com Staff

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