MBWM — Mercantile Bank Corporation
Dividend Grades
vs Financial Services sector| Metric | MBWM | Sector Median |
|---|---|---|
| Dividend Yield | 3.10% | 3.27% |
| Dividend Growth (5Y) | 6.02% | 5.31% |
| Payout Ratio | 27.8% | 36.0% |
| Consecutive Years Paid | 15 | 13 |
| 1Y Total Return | +13.0% | 8.8% |
Grades compare this stock to Financial Services sector peers using percentile ranks. A+ = top 10%, F = bottom 10%. See methodology →
1-Year Growth
5.63%
3-Year Growth
5.98%
5-Year Growth
6.02%
10-Year Growth
9.97%
Key Dividend Dates
Next Ex-Date
N/A
Next Payment
N/A
Last Ex-Date
Mar 6, 2026
Last Payment
Mar 18, 2026
Dividend History
| Ex-Date | Amount | Change |
|---|---|---|
| Mar 6, 2026 | $0.3900 | +2.63% |
| Dec 5, 2025 | $0.3800 | 0.00% |
| Sep 5, 2025 | $0.3800 | +2.70% |
| Jun 6, 2025 | $0.3700 | 0.00% |
| Mar 7, 2025 | $0.3700 | +2.78% |
| Dec 6, 2024 | $0.3600 | 0.00% |
| Sep 6, 2024 | $0.3600 | +2.86% |
| Jun 7, 2024 | $0.3500 | 0.00% |
| Feb 29, 2024 | $0.3500 | +2.94% |
| Nov 30, 2023 | $0.3400 | 0.00% |
| Aug 31, 2023 | $0.3400 | +3.03% |
| Jun 1, 2023 | $0.3300 | 0.00% |
| Mar 2, 2023 | $0.3300 | +3.13% |
| Dec 1, 2022 | $0.3200 | 0.00% |
| Sep 1, 2022 | $0.3200 | +3.23% |
| Jun 2, 2022 | $0.3100 | 0.00% |
| Mar 3, 2022 | $0.3100 | +3.33% |
| Dec 2, 2021 | $0.3000 | 0.00% |
| Sep 2, 2021 | $0.3000 | +3.45% |
| Jun 3, 2021 | $0.2900 | 0.00% |
Payout Ratio (Earnings)
27.8%
SafeFCF Payout Ratio
220.5%
HighFinancial Snapshot
| Period | EPS | FCF |
|---|---|---|
| Q1 2025 | $1.21 | -$4.51M |
| Q2 2025 | $1.39 | -$10.17M |
| Q3 2025 | $1.46 | $20.47M |
| Q4 2025 | $1.41 | $5.42M |
Analyst Ratings (Last 90 Days)
Peer Comparison
Frequently Asked Questions
Does Mercantile Bank Corporation pay a dividend?
Yes, Mercantile Bank Corporation (MBWM) pays a quarterly dividend with a yield of 3.10%.
What is MBWM's dividend yield?
MBWM's current dividend yield is 3.10%. The annual dividend is $1.52.
When is MBWM's next ex-dividend date?
The next ex-dividend date for MBWM has not been announced yet.
How many years has Mercantile Bank Corporation increased its dividend?
Mercantile Bank Corporation has increased its dividend for 6 consecutive years.
Compare MBWM:
About this data
Dividend data sourced from Financial Modeling Prep. Prices updated daily after market close.
Payout ratio — trailing 12-month dividends paid / trailing 12-month net income.
Consecutive years — calendar years with a higher total annual dividend than the prior year.
Growth rates — annualized, comparing the most recent full year total to the total N years prior.
For informational purposes only. Not investment advice.
Data as of March 23, 2026. Source: Financial Modeling Prep. Prices and yields updated daily after market close.