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Mercantile Bank Dividend Yield, History & Payout Ratio (NASDAQ:MBWM)

$36.30
0.00 (0.00 %)
(As of 12/15/2019 10:29 AM ET)
Today's Range
$35.68
Now: $36.30
$36.50
50-Day Range
$34.73
MA: $35.47
$36.32
52-Week Range
$26.40
Now: $36.30
$36.69
Volume33,070 shs
Average Volume35,133 shs
Market Capitalization$593.14 million
P/E Ratio14.35
Dividend Yield2.98%
Beta0.84

Dividends

Mercantile Bank (NASDAQ:MBWM) Dividend Information

Mercantile Bank pays an annual dividend of $1.08 per share, with a dividend yield of 2.98%. MBWM's next quarterly dividend payment will be made to shareholders of record on Wednesday, December 18. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 0.18% each year. Mercantile Bank pays out 42.69% of its earnings out as a dividend.
Next Dividend:12/18/2019
Annual Dividend:$1.08
Dividend Yield:2.98%
Dividend Growth:0.18% (3 Year Average)
Payout Ratio(s):42.69% (Trailing 12 Months of Earnings)
40.15% (Based on This Year's Estimates)
43.37% (Based on Next Year's Estimates)
34.60% (Based on Cash Flow)
Track Record:6 Years of Consecutive Dividend Growth
Frequency:Quarterly Dividend
Most-Recent Increase:$0.01 increase on 7/16/2019

Dividend Payments by Month (or Quarter)


Mercantile Bank (NASDAQ:MBWM) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 12/15/2019 by MarketBeat.com Staff

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