Mercantile Bank (MBWM) Dividend Yield, Date & History

$50.44

+0.59 (+1.18%)

(As of 07/26/2024 ET)

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Dividend Yield: 2.78%
Annual Dividend: $1.40
Dividend Increase Track Record: 13 Years
Annualized 3-Year Dividend Growth: 6.16%
Dividend Payout Ratio: 27.13%
Next Dividend Payment: Sep. 18

MBWM Dividend Payments

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MBWM Dividend Yield Over Time

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Mercantile Bank vs. The Competition

Type	Mercantile Bank	Finance Companies	NASDAQ Companies
Annual Dividend	$1.40	$1.76	$1.25
Dividend Yield	2.78%	1,043.48%	396.06%
Annualized 3-Year Dividend Growth	6.16%	1,294.31%	1,417.88%
Track Record	13 years	16 years	16 years

Mercantile Bank Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	27.13%
Based on This Year's Estimates	29.11%
Based on Next Year's Estimates	31.46%
Based on Cashflow	22.76%

Mercantile Bank Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
7/11/2024	Quarterly	$0.36	2.91%	9/6/2024	9/6/2024	9/18/2024
4/11/2024	Quarterly	$0.35	4.1%	6/7/2024	6/7/2024	6/19/2024
1/11/2024	Quarterly	$0.35	3.77%	2/29/2024	3/1/2024	3/13/2024
10/12/2023	Quarterly	$0.34	4.12%	11/30/2023	12/1/2023	12/13/2023
7/13/2023	Quarterly	$0.34	4.12%	8/31/2023	9/1/2023	9/13/2023
4/13/2023	Quarterly	$0.33	4.59%	6/1/2023	6/2/2023	6/14/2023
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1/12/2023	Quarterly	$0.33	3.61%	3/2/2023	3/3/2023	3/15/2023
10/13/2022	Quarterly	$0.32	3.98%	12/1/2022	12/2/2022	12/14/2022
7/20/2022	quarterly	$0.32	3.8%	9/1/2022	9/2/2022	9/14/2022
4/20/2022	quarterly	$0.31	3.5%	6/2/2022	6/3/2022	6/15/2022
1/18/2022	Quarterly	$0.31	3.21%	3/3/2022	3/4/2022	3/16/2022
10/19/2021	Quarterly	$0.30	3.47%	12/2/2021	12/3/2021	12/15/2021
7/20/2021	Quarterly	$0.30	4.01%	9/2/2021	9/3/2021	9/15/2021
4/21/2021	quarterly	$0.29	3.7%	6/3/2021	6/4/2021	6/16/2021
1/19/2021	Quarterly	$0.29	4.08%	3/4/2021	3/5/2021	3/17/2021
10/15/2020	Quarterly	$0.28	4.64%	12/3/2020	12/4/2020	12/16/2020
7/22/2020	quarterly	$0.28	5.1%	9/3/2020	9/4/2020	9/16/2020
4/22/2020	quarterly	$0.28	5.3%	6/4/2020	6/5/2020	6/17/2020
1/21/2020	Quarterly	$0.28	3.2%	3/5/2020	3/6/2020	3/18/2020
10/15/2019	Quarterly	$0.27	3.17%	12/5/2019	12/6/2019	12/18/2019
7/16/2019	Quarterly	$0.27	3.32%	9/5/2019	9/6/2019	9/18/2019
4/16/2019	Quarterly	$0.26	3.07%	6/6/2019	6/7/2019	6/19/2019
1/22/2019	Quarterly	$0.26	3.03%	3/7/2019	3/8/2019	3/20/2019
10/17/2018	quarterly	$0.25	3.11%	12/6/2018	12/7/2018	12/19/2018
7/18/2018	quarterly	$0.24	2.65%	9/6/2018	9/7/2018	9/19/2018
4/17/2018	Quarterly	$0.22	2.51%	6/7/2018	6/8/2018	6/20/2018
1/16/2018	Quarterly	$0.22	2.65%	3/8/2018	3/9/2018	3/21/2018
10/18/2017	quarterly	$0.19	2.03%	12/7/2017	12/8/2017	12/20/2017
7/18/2017	quarterly	$0.19	2.36%	9/7/2017	9/8/2017	9/20/2017
4/18/2017	quarterly	$0.18	2.16%	6/7/2017	6/9/2017	6/21/2017
1/18/2017	quarterly	$0.18	2.17%	3/8/2017	3/10/2017	3/22/2017
10/18/2016	quarterly	$0.17	2.5%	12/7/2016	12/9/2016	12/21/2016
7/19/2016	quarterly	$0.17	2.7%	9/7/2016	9/9/2016	9/21/2016
4/21/2016	quarterly	$0.16	2.63%	6/8/2016	6/10/2016	6/23/2016
1/20/2016	quarterly	$0.16	2.79%	3/9/2016	3/11/2016	3/23/2016
10/21/2015	quarterly	$0.15	2.86%	12/9/2015	12/11/2015	12/23/2015
7/21/2015	quarterly	$0.15	2.92%	9/9/2015	9/11/2015	9/23/2015
4/21/2015	quarterly	$0.14	2.71%	6/10/2015	6/12/2015	6/24/2015
1/21/2015	quarterly	$0.14	2.93%	3/11/2015	3/13/2015	3/25/2015
10/21/2014	quarterly	$0.12			12/12/2014	12/24/2014
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10/22/2014	quarterly	$0.12	2.53%	12/10/2014	12/12/2014	12/24/2014
7/22/2014	quarterly	$0.12			9/12/2014	9/24/2014
7/22/2014	quarterly	$0.12	2.44%	9/10/2014	9/12/2014	9/24/2014
5/9/2014	quarterly	$0.12			6/13/2014	6/25/2014
5/12/2014	quarterly	$0.12	2.17%	6/11/2014	6/13/2014	6/25/2014
5/9/2014	special	$2.00			5/22/2014	5/29/2014
1/21/2014	quarterly	$0.12			2/10/2014	3/10/2014
1/22/2014	quarterly	$0.12	2.18%	2/6/2014	2/10/2014	3/10/2014
10/15/2013	quarterly	$0.12			11/8/2013	12/10/2013
10/16/2013	quarterly	$0.12	2.16%	11/6/2013	11/8/2013	12/10/2013
7/16/2013	quarterly	$0.12			8/9/2013	9/10/2013
7/16/2013	quarterly	$0.12	2.42%	8/7/2013	8/9/2013	9/10/2013
4/16/2013	quarterly	$0.11	2.66%	5/8/2013	5/10/2013	6/10/2013
1/15/2013	quarterly	$0.10	2.33%	2/6/2013	2/8/2013	3/8/2013

(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 2.78%. Learn more on MBWM's dividend yield history.
How much is Mercantile Bank's annual dividend?: The annual dividend for MBWM shares is $1.40. 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, September 18, 2024.
When was Mercantile Bank's most recent dividend payment?: Mercantile Bank's most recent quarterly dividend payment of $0.35 per share was made to shareholders on Wednesday, June 19, 2024.
When is Mercantile Bank's ex-dividend date?: Mercantile Bank's next ex-dividend date is Friday, September 6, 2024.
When was Mercantile Bank's most recent ex-dividend date?: Mercantile Bank's most recent ex-dividend date was Friday, June 7, 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:
27.13% based on the trailing year of earnings

29.11% based on this year's estimates

31.46% based on next year's estimates

22.76% based on cash flow
Is Mercantile Bank a good dividend stock?: Mercantile Bank's dividend yield of 2.92% 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 27.13% is at a healthy, sustainable level, below 75% of its earnings.