NASDAQ:MBWM

Mercantile Bank Dividend Yield, History & Payout Ratio

$30.00
+0.36 (+1.21 %)
(As of 09/15/2021 12:00 AM ET)
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Today's Range
$29.47
$30.48
50-Day Range
$28.80
$33.09
52-Week Range
$17.09
$34.47
Volume53,127 shs
Average Volume45,660 shs
Market Capitalization$476.79 million
P/E Ratio8.52
Dividend Yield4.05%
Beta1.14

Mercantile Bank (NASDAQ:MBWM) Dividend Information

Mercantile Bank pays an annual dividend of $1.20 per share, with a dividend yield of 4.00%. MBWM's most recent $29.47 - $30.48 dividend payment was made to shareholders of record on Wednesday, September 15. Mercantile Bank pays out 43.17% of its earnings out as a dividend.
MBWM Most Recent Dividend9/15/2021
MBWM Annual Dividend$1.20
MBWM Dividend Yield4.00%
MBWM Three Year Dividend Growth51.35%
MBWM Payout Ratio43.17% (Trailing 12 Months of Earnings)
32.79% (Based on This Year's Estimates)
45.80% (Based on Next Year's Estimates)
35.52% (Based on Cash Flow)
MBWM Dividend Frequency$29.47 - $30.48 Dividend
MBWM Most Recent Increase$0.01 increase on 7/20/2021

Dividend Payments by Month (or Quarter)


Mercantile Bank (NASDAQ:MBWM) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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
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)
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Mercantile Bank (NASDAQ:MBWM) Dividend Frequently Asked Questions

What is Mercantile Bank's dividend yield?

The current dividend yield for Mercantile Bank (NASDAQ:MBWM) is 4.00%. Learn more on MBWM's dividend yield history

How much is Mercantile Bank's annual dividend?

The annual dividend for Mercantile Bank (NASDAQ:MBWM) is $1.20. Learn more on MBWM's dividend details

How often does Mercantile Bank pay dividends?

Mercantile Bank (NASDAQ:MBWM) pays $29.47 - $30.48 dividends to shareholders.

When was Mercantile Bank's most recent dividend payment?

Mercantile Bank's most recent $29.47 - $30.48 dividend payment of $0.30 per share was made to shareholders on Wednesday, September 15, 2021.

Is Mercantile Bank's dividend growing?

Over the past three years, Mercantile Bank's dividend has grown by 51.35%.

When did Mercantile Bank last increase or decrease its dividend?

The most recent change in Mercantile Bank's dividend was an increase of $0.01 on Tuesday, July 20, 2021.

What is Mercantile Bank's dividend payout ratio?

The dividend payout ratio for MBWM is:
  • 43.17% based on the trailing year of earnings
  • 32.79% based on this year's estimates
  • 45.80% based on next year's estimates
  • 35.52% based on cash flow
This page was last updated on 9/16/2021 by MarketBeat.com Staff
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