MBWM Dividend History, Dates & Yield
C+
Mercantile Bank Corporation · Financial Services
Current Price
$54.08
Dividend Yield
0.72%
Annual Dividend
$0.39
Frequency
Quarterly
Payout Ratio
7.10%
Next Ex-Date
TBA
C+
OverallF
YieldF
GrowthB+
SafetyA
ConsistencyB+
PerformanceDividend Growth & Streak
Payout Ratio
7.10%
FCF Payout Ratio
56.60%
5Y Growth Rate
-7.95%
1Y Growth Rate
-47.89%
Consecutive Increases
0 years
Consecutive Payments
34 years
Payment History
20 payments (of 169 total)
| Ex-Date | Amount |
|---|---|
| Jun 5, 2026 | $0.3900 |
| Mar 6, 2026 | $0.3900 |
| Dec 5, 2025 | $0.3800 |
| Sep 5, 2025 | $0.3800 |
| Jun 6, 2025 | $0.3700 |
| Mar 7, 2025 | $0.3700 |
| Dec 6, 2024 | $0.3600 |
| Sep 6, 2024 | $0.3600 |
| Jun 7, 2024 | $0.3500 |
| Feb 29, 2024 | $0.3500 |
| Nov 30, 2023 | $0.3400 |
| Aug 31, 2023 | $0.3400 |
| Jun 1, 2023 | $0.3300 |
| Mar 2, 2023 | $0.3300 |
| Dec 1, 2022 | $0.3200 |
| Sep 1, 2022 | $0.3200 |
| Jun 2, 2022 | $0.3100 |
| Mar 3, 2022 | $0.3100 |
| Dec 2, 2021 | $0.3000 |
| Sep 2, 2021 | $0.3000 |
5-Year Yield Range
Where MBWM's yield sits todayAvg 3.04%High 3.76%Low 1.54%Current 0.72%
1.54%3.76%
Frequently Asked Questions
Does Mercantile Bank Corporation pay dividends?▼
Yes, Mercantile Bank Corporation (MBWM) pays a quarterly dividend of $0.39 per share annually, yielding 0.72%.
How much does MBWM pay in dividends per year?▼
MBWM pays $0.39 per share annually in quarterly payments.
Is MBWM's dividend safe?▼
MBWM has a payout ratio of 7.1% and has paid dividends for 34 consecutive years. Its dividend safety grade is B+.
What is MBWM's dividend growth rate?▼
MBWM has grown its dividend at -7.95% annually over the past 5 years.
Has MBWM ever cut its dividend?▼
Yes, MBWM's last dividend decrease was on Jan 1, 2025.
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