Mercantile Bank Dividend History
NASDAQ: MBWMFinanceMajor BanksUSD
57.78-0.42 (-0.72%)
At close: Oct 9, 4:00 PM ET · Delayed 15 min
- Dividend yield
- 2.67%
- Annual dividend
- $1.54
- Frequency
- Quarterly
- Ex-dividend date
- Sep 4, 2026
- Payment date
- —
- Payout ratio
- 27%
Mercantile Bank dividend summary
Mercantile Bank pays a quarterly dividend of $0.40 per share ($1.60 annualized), a 2.77% yield at the current price. It has raised its annual dividend for 6 consecutive years. Over the past five full years, annual dividends per share have grown at a 6.0% compound annual rate.
The payout ratio is 27% of trailing earnings per share. MBWM has 87 recorded dividend payments since 2003, totaling $1.56 per share over the last 12 months.
Summary generated from market data by MetaCap's automated system. Methodology
MBWM dividend history
| Ex-dividend date | Cash amount | Change | Pay date |
|---|---|---|---|
| Sep 4, 2026 | $0.40 | +2.6% | — |
| Jun 5, 2026 | $0.39 | — | — |
| Mar 6, 2026 | $0.39 | +2.6% | — |
| Dec 5, 2025 | $0.38 | — | — |
| Sep 5, 2025 | $0.38 | +2.7% | — |
| Jun 6, 2025 | $0.37 | — | — |
| Mar 7, 2025 | $0.37 | +2.8% | — |
| Dec 6, 2024 | $0.36 | — | — |
| Sep 6, 2024 | $0.36 | +2.9% | — |
| Jun 7, 2024 | $0.35 | — | — |
| Feb 29, 2024 | $0.35 | +2.9% | — |
| Nov 30, 2023 | $0.34 | — | — |
| Aug 31, 2023 | $0.34 | +3.0% | — |
| Jun 1, 2023 | $0.33 | — | — |
| Mar 2, 2023 | $0.33 | +3.1% | — |
| Dec 1, 2022 | $0.32 | — | — |
| Sep 1, 2022 | $0.32 | +3.2% | — |
| Jun 2, 2022 | $0.31 | — | — |
| Mar 3, 2022 | $0.31 | +3.3% | — |
| Dec 2, 2021 | $0.30 | — | — |
| Sep 2, 2021 | $0.30 | +3.4% | — |
| Jun 3, 2021 | $0.29 | — | — |
| Mar 4, 2021 | $0.29 | +3.6% | — |
| Dec 3, 2020 | $0.28 | — | — |
| Sep 3, 2020 | $0.28 | — | — |
| Jun 4, 2020 | $0.28 | — | — |
| Mar 5, 2020 | $0.28 | +3.7% | — |
| Dec 5, 2019 | $0.27 | — | — |
| Sep 5, 2019 | $0.27 | +3.8% | — |
| Jun 6, 2019 | $0.26 | — | — |
| Mar 7, 2019 | $0.26 | -74.0% | — |
| Dec 6, 2018 | $1.00 | +316.7% | — |
| Sep 6, 2018 | $0.24 | +9.1% | — |
| Jun 7, 2018 | $0.22 | — | — |
| Mar 8, 2018 | $0.22 | +15.8% | — |
| Dec 7, 2017 | $0.19 | — | — |
| Sep 7, 2017 | $0.19 | +5.6% | — |
| Jun 7, 2017 | $0.18 | — | — |
| Mar 8, 2017 | $0.18 | -73.1% | — |
| Dec 7, 2016 | $0.67 | +294.1% | — |
| Sep 7, 2016 | $0.17 | +6.3% | — |
| Jun 8, 2016 | $0.16 | — | — |
| Mar 9, 2016 | $0.16 | +6.7% | — |
| Dec 9, 2015 | $0.15 | — | — |
| Sep 9, 2015 | $0.15 | +7.1% | — |
| Jun 10, 2015 | $0.14 | — | — |
| Mar 11, 2015 | $0.14 | +16.7% | — |
| Dec 10, 2014 | $0.12 | — | — |
| Sep 10, 2014 | $0.12 | — | — |
| Jun 11, 2014 | $0.12 | -94.0% | — |
| May 20, 2014 | $2.00 | +1566.7% | — |
| Feb 6, 2014 | $0.12 | — | — |
| Nov 6, 2013 | $0.12 | — | — |
| Aug 7, 2013 | $0.12 | +9.1% | — |
| May 8, 2013 | $0.11 | +10.0% | — |
| Feb 6, 2013 | $0.10 | +11.1% | — |
| Nov 7, 2012 | $0.09 | +800.0% | — |
| Feb 8, 2010 | $0.01 | — | — |
| Nov 6, 2009 | $0.01 | — | — |
| Aug 6, 2009 | $0.01 | — | — |
| May 6, 2009 | $0.01 | -75.0% | — |
| Feb 6, 2009 | $0.04 | — | — |
| Nov 6, 2008 | $0.04 | — | — |
| Aug 6, 2008 | $0.04 | -50.0% | — |
| May 7, 2008 | $0.08 | -46.7% | — |
| Feb 6, 2008 | $0.15 | +7.1% | — |
| Nov 7, 2007 | $0.14 | — | — |
| Aug 8, 2007 | $0.14 | — | — |
| May 8, 2007 | $0.14 | +5.0% | — |
| Feb 7, 2007 | $0.1333 | +7.7% | — |
| Nov 8, 2006 | $0.1238 | — | — |
| Aug 8, 2006 | $0.1238 | — | — |
| May 15, 2006 | $0.1238 | +13.7% | — |
| Feb 8, 2006 | $0.1088 | +9.1% | — |
| Nov 8, 2005 | $0.0998 | — | — |
| Aug 8, 2005 | $0.0998 | +5.0% | — |
| May 6, 2005 | $0.095 | +10.0% | — |
| Feb 8, 2005 | $0.0864 | +11.1% | — |
| Nov 8, 2004 | $0.0777 | — | — |
| Aug 6, 2004 | $0.0777 | — | — |
| May 6, 2004 | $0.0777 | +5.0% | — |
| Feb 6, 2004 | $0.074 | +12.5% | — |
| Nov 6, 2003 | $0.0658 | — | — |
| Aug 7, 2003 | $0.0658 | — | — |
| May 8, 2003 | $0.0658 | — | — |
| Feb 6, 2003 | $0.0658 | -4.8% | — |
| Jan 15, 2003 | $0.0691 | — | — |
Dividends by year
| Year | Total per share | Payments | Growth |
|---|---|---|---|
| 2026 | $1.18 | 3 | -21.3% |
| 2025 | $1.50 | 4 | +5.6% |
| 2024 | $1.42 | 4 | +6.0% |
| 2023 | $1.34 | 4 | +6.3% |
| 2022 | $1.26 | 4 | +6.8% |
| 2021 | $1.18 | 4 | +5.4% |
| 2020 | $1.12 | 4 | +5.7% |
| 2019 | $1.06 | 4 | -36.9% |
| 2018 | $1.68 | 4 | +127.0% |
| 2017 | $0.74 | 4 | -36.2% |
| 2016 | $1.16 | 4 | +100.0% |
| 2015 | $0.58 | 4 | -76.6% |
| 2014 | $2.48 | 5 | +451.1% |
| 2013 | $0.45 | 4 | +400.0% |
| 2012 | $0.09 | 1 | — |
MBWM stock splits
| Date | Ratio | Type |
|---|---|---|
| Apr 19, 2007 | 105-for-100 | Forward split |
| Jul 14, 2005 | 105-for-100 | Forward split |
| Apr 14, 2004 | 105-for-100 | Forward split |
| Jan 15, 2003 | 105-for-100 | Forward split |
| Jan 16, 2002 | 105-for-100 | Forward split |
| Jan 17, 2001 | 105-for-100 | Forward split |