BETA

Mercantile Bank

MBWM67

$50.21arrow_drop_up0.72%$0.36

MBWM67

$50.21

arrow_drop_up0.72%$0.36

Dividend Stats (MBWM)

Dividend Amount P/S: $0.36

Quarterly

Dividend Yield: 2.90%
Sector:: Financial Services
Sector Average:: -%

Payout Ratio: 21.80%

Last Ex-Div. Date: Sep 6, 2024
Payment date:: Sep 18, 2024

Dividend Growth Rate: 6.06%

Aug 31, 2023

Dividend Amount Per Share (MBWM)

Dividend Yield Range (MBWM)

Dividend History (MBWM)

Ex-Date	Amount	Yield	Frequency	Declaration Date	Record Date	Payment Date
Sep 6, 2024	$0.36	2.77%	Quarterly	Jul 11, 2024	Sep 6, 2024	Sep 18, 2024
Jun 7, 2024	$0.35	3.78%	Quarterly	Apr 11, 2024	Jun 7, 2024	Jun 19, 2024
Feb 29, 2024	$0.35	3.70%	Quarterly	Jan 11, 2024	Mar 1, 2024	Mar 13, 2024
Nov 30, 2023	$0.34	3.89%	Quarterly	Oct 12, 2023	Dec 1, 2023	Dec 13, 2023
Aug 31, 2023	$0.34	3.96%	Quarterly	Jul 13, 2023	Sep 1, 2023	Sep 13, 2023
Jun 1, 2023	$0.33	4.91%	Quarterly	Apr 13, 2023	Jun 2, 2023	Jun 14, 2023
Mar 2, 2023	$0.33	3.72%	Quarterly	Jan 12, 2023	Mar 3, 2023	Mar 15, 2023
Dec 1, 2022	$0.32	3.63%	Quarterly	Oct 13, 2022	Dec 2, 2022	Dec 14, 2022
Sep 1, 2022	$0.32	3.76%	Quarterly	Jul 14, 2022	Sep 2, 2022	Sep 14, 2022
Jun 2, 2022	$0.31	3.76%	Quarterly	Apr 14, 2022	Jun 3, 2022	Jun 15, 2022
Mar 3, 2022	$0.31	3.19%	Quarterly	Jan 18, 2022	Mar 4, 2022	Mar 16, 2022
Dec 2, 2021	$0.30	3.46%	Quarterly	Oct 19, 2021	Dec 3, 2021	Dec 15, 2021
Sep 2, 2021	$0.30	3.70%	Quarterly	Jul 20, 2021	Sep 3, 2021	Sep 15, 2021
Jun 3, 2021	$0.29	3.50%	Quarterly	Apr 15, 2021	Jun 4, 2021	Jun 16, 2021
Mar 4, 2021	$0.29	3.70%	Quarterly	Jan 19, 2021	Mar 5, 2021	Mar 17, 2021
Dec 3, 2020	$0.28	4.46%	Quarterly	Oct 15, 2020	Dec 4, 2020	Dec 16, 2020
Sep 3, 2020	$0.28	5.17%	Quarterly	Jul 16, 2020	Sep 4, 2020	Sep 16, 2020
Jun 4, 2020	$0.28	4.66%	Quarterly	Apr 16, 2020	Jun 5, 2020	Jun 17, 2020
Mar 5, 2020	$0.28	3.88%	Quarterly	Jan 16, 2020	Mar 6, 2020	Mar 18, 2020
Dec 5, 2019	$0.27	3.02%	Quarterly	Oct 10, 2019	Dec 6, 2019	Dec 18, 2019

Showing 1-20 of 136

Results per page:

Stock Split History (MBWM)

Date	Split	Multiple	Cumulative Multiple
Apr 19, 2007	21:20	x1.1	x2.8
Apr 20, 2006	21:20	x1.1	x2.7
Jul 14, 2005	21:20	x1.1	x2.6
Apr 14, 2004	21:20	x1.1	x2.4
Jan 15, 2003	21:20	x1.1	x2.3
Jan 16, 2002	21:20	x1.1	x2.2
Jan 17, 2001	21:20	x1.1	x2.1
Apr 9, 1998	2:1	x2	x2

Mercantile Bank (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.

Keep an eye on Mercantile Bank

Adding the right stocks to your watchlist can provide valuable insights and opportunities for strategic decision-making.

Frequently Asked Questions

help

Does Mercantile Bank (MBWM) stock pay dividends?

Yes, Mercantile Bank (MBWM) pays dividends to its shareholders. The current dividend yield is 2.9%, with an annual dividend payout per share of $1.4. The most recent dividend payment was $0.36, distributed on the last ex-dividend date of 2024 Sep 06. Year-on-year, the dividends per share have grown by 6.06%.