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MBWM Mercantile Bank Corp Dividend

Mercantile Bank's most recent quarterly dividend was on Sep 2, 2021 (ex-date) with a cash dividend payment of $0.3 per share. On an annualized basis, the company has a current payout of $1.16 per share. This brings the dividend yield to 3.43% based on its recent close price. The latest dividend has increased by $0.01, or 3.4% from the previous payment.

MBWM next dividend date: Not announced

MBWM
DPS
$1.16
Dividend yield
3.43%
Payout ratio
33%
Financial Services sector
Dividend yield
2.37%
Payout ratio
32.5%

Dividend yield

Mercantile Bank's dividend yield of 3.43% is above the Financial Services sector, the industry and its peers average.

Dividend history

Mercantile Bank has a long dividend history, including the last nine consecutive years with dividend payouts. MBWM has issued three quarterly dividends in the last twelve months. The annualized DPS has increased by 4.5% for the last year. But since the stock price has gone up by 60% from a year ago, the dividend yield has decreased by 35%.

Recent dividends

Declared on Ex-date Payment date Amount Type
Jul 20, 2021 Sep 2, 2021 Sep 15, 2021 $0.3 normal
Apr 15, 2021 Jun 3, 2021 Jun 16, 2021 $0.29 normal
Jan 19, 2021 Mar 4, 2021 Mar 17, 2021 $0.29 normal
Jul 16, 2020 Sep 3, 2020 Sep 16, 2020 $0.28 normal
Apr 16, 2020 Jun 4, 2020 Jun 17, 2020 $0.28 normal
Jan 16, 2020 Mar 5, 2020 Mar 18, 2020 $0.28 normal
Oct 10, 2019 Dec 5, 2019 Dec 18, 2019 $0.27 normal
Jul 11, 2019 Sep 5, 2019 Sep 18, 2019 $0.27 normal
Apr 11, 2019 Jun 6, 2019 Jun 19, 2019 $0.26 normal
Jan 17, 2019 Mar 7, 2019 Mar 20, 2019 $0.26 normal
Oct 11, 2018 Dec 6, 2018 Dec 19, 2018 $0.75 special
Oct 11, 2018 Dec 6, 2018 Dec 19, 2018 $0.25 normal
Jul 12, 2018 Sep 6, 2018 Sep 19, 2018 $0.24 normal
Apr 12, 2018 Jun 7, 2018 Jun 20, 2018 $0.22 normal
Jan 11, 2018 Mar 8, 2018 Mar 21, 2018 $0.22 normal
Oct 12, 2017 Dec 7, 2017 Dec 20, 2017 $0.19 normal
Jul 18, 2017 Sep 7, 2017 Sep 20, 2017 $0.19 normal
Apr 13, 2017 Jun 7, 2017 Jun 21, 2017 $0.18 normal
Jan 17, 2017 Mar 8, 2017 Mar 22, 2017 $0.18 normal
Oct 13, 2016 Dec 7, 2016 Dec 21, 2016 $0.17 normal
Oct 13, 2016 Dec 7, 2016 Dec 21, 2016 $0.5 special
Jul 14, 2016 Sep 7, 2016 Sep 21, 2016 $0.17 normal
Apr 14, 2016 Jun 8, 2016 Jun 23, 2016 $0.16 normal

Dividend payouts

Payout ratio

Mercantile Bank's payout ratio of 33% is above the Financial Services sector, the industry and its peers average.

Total amount of dividends paid per year (from cash flow)