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Instrument logo  MBWM

Mercantile Bank Corp

MBWM
56 / 100
$36.78arrow_drop_up0.10%$0.04

Dividend Stats (MBWM)

Dividend Amount P/S
$0.35

Quarterly

Dividend Yield
3.81%
Sector:
Financial Services
Sector Average:
-%
Payout Ratio
26.51%
Last Ex-Div. Date
Feb 29, 2024
Payment date:
Mar 13, 2024
Dividend Growth Rate
6.25%

Mar 2, 2023

Dividend Amount Per Share (MBWM)

Dividend Yield Range (MBWM)

Dividend History (MBWM)

Ex-DateAmountYieldFrequencyDeclaration DateRecord DatePayment Date
Feb 29, 2024$0.353.69QuarterlyJan 11, 2024Mar 1, 2024Mar 13, 2024
Nov 30, 2023$0.343.89QuarterlyOct 12, 2023Dec 1, 2023Dec 13, 2023
Aug 31, 2023$0.343.96QuarterlyJul 13, 2023Sep 1, 2023Sep 13, 2023
Jun 1, 2023$0.334.91QuarterlyApr 13, 2023Jun 2, 2023Jun 14, 2023
Mar 2, 2023$0.333.72QuarterlyJan 12, 2023Mar 3, 2023Mar 15, 2023
Dec 1, 2022$0.323.63QuarterlyOct 13, 2022Dec 2, 2022Dec 14, 2022
Sep 1, 2022$0.323.76QuarterlyJul 14, 2022Sep 2, 2022Sep 14, 2022
Jun 2, 2022$0.313.76QuarterlyApr 14, 2022Jun 3, 2022Jun 15, 2022
Mar 3, 2022$0.313.19QuarterlyJan 18, 2022Mar 4, 2022Mar 16, 2022
Dec 2, 2021$0.303.46QuarterlyOct 19, 2021Dec 3, 2021Dec 15, 2021
Sep 2, 2021$0.303.70QuarterlyJul 20, 2021Sep 3, 2021Sep 15, 2021
Jun 3, 2021$0.293.50QuarterlyApr 15, 2021Jun 4, 2021Jun 16, 2021
Mar 4, 2021$0.293.70QuarterlyJan 19, 2021Mar 5, 2021Mar 17, 2021
Dec 3, 2020$0.284.46QuarterlyOct 15, 2020Dec 4, 2020Dec 16, 2020
Sep 3, 2020$0.285.17QuarterlyJul 16, 2020Sep 4, 2020Sep 16, 2020
Jun 4, 2020$0.284.66QuarterlyApr 16, 2020Jun 5, 2020Jun 17, 2020
Mar 5, 2020$0.283.88QuarterlyJan 16, 2020Mar 6, 2020Mar 18, 2020
Dec 5, 2019$0.273.02QuarterlyOct 10, 2019Dec 6, 2019Dec 18, 2019
Sep 5, 2019$0.275.77QuarterlyJul 11, 2019Sep 6, 2019Sep 18, 2019
Jun 6, 2019$0.265.59QuarterlyApr 11, 2019Jun 7, 2019Jun 19, 2019
Showing 1-20 of 134
Results per page:

Stock Split History (MBWM)

DateSplitMultipleCumulative
Multiple
Apr 19, 200721:20x1.1x2.8
Apr 20, 200621:20x1.1x2.7
Jul 14, 200521:20x1.1x2.6
Apr 14, 200421:20x1.1x2.4
Jan 15, 200321:20x1.1x2.3
Jan 16, 200221:20x1.1x2.2
Jan 17, 200121:20x1.1x2.1
Apr 9, 19982:1x2x2

Mercantile Bank Corp (MBWM) Dividends & Splits

Mercantile Bank Corp (MBWM) has a long history of consistently paying dividends to its shareholders. The company believes in sharing its success with its investors and rewarding them for their loyalty. The dividends are typically paid quarterly, providing a steady stream of income for shareholders. The dividend yield for Mercantile Bank Corp (MBWM) is currently around 2.5%, which is a competitive rate compared to other banks in the industry.

The payout ratio for Mercantile Bank Corp (MBWM) is approximately 40%, which indicates that the company is retaining a significant portion of its earnings to reinvest in its business and fuel future growth. This also leaves room for potential dividend increases in the future. The dividend amount per share is subject to change and is determined by the company's board of directors based on various factors, including financial performance and strategic priorities.

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Frequently Asked Questions

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Does Mercantile Bank Corp (MBWM) stock pay dividends?

Yes, Mercantile Bank Corp (MBWM) pays dividends to its shareholders. The current dividend yield is 3.81%, with an annual dividend payout per share of $1.34. The most recent dividend payment was $0.35, distributed on the last ex-dividend date of 2024 Feb 29. Year-on-year, the dividends per share have grown by 6.25%.

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When was the last Mercantile Bank Corp (MBWM) stock split?

Mercantile Bank Corp (MBWM) has undergone 8 total stock splits. The most recent split was a 21:20 split on 2007 Apr 19, leaving the company with 16.13M shares outstanding. Since the company's inception, the cumulative multiple from splits is 2.8, indicating the overall effect of all splits on the original share count.

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