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MBWM Mercantile Bank dividend history, payout ratio & dates

Mercantile Bank's most recent quarterly dividend was on Sep 1, 2022 (ex-date) with a cash dividend payment of $0.32 per share. On an annualized basis, the company has a current payout of $1.24 per share. This brings the dividend yield to 3.61% based on its recent close price. The latest dividend has increased by $0.01, or 3.2% from the previous payment.

Key dates

  • MBWM last dividend date: Sep 1, 2022
  • MBWM next dividend date: Dec 1, 2022
MBWM dividend stats
DPS
$1.24
Dividend yield
3.61%
Payout ratio
38.5%
vs. Financial Services sector
Dividend yield
2.68%
Payout ratio
30.6%

Dividend yield

What is Mercantile Bank current dividend yield

Mercantile Bank's dividend yield of 3.61% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.68%, Mercantile Bank's dividend yield is 35% higher. Historically MBWM's dividend yield has averaged at 3.3% in the last 5 years, which is below the current yield.

Dividend history

What is MBWM dividend payout history and dates

Mercantile Bank has a long dividend history, including the last ten consecutive years with dividend payouts. MBWM has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 7% for the last year. And since the stock price has gone up by 0.5% from a year ago, the dividend yield has increased by 6%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Sep 1, 2022 Sep 14, 2022 Jul 14, 2022 $0.32 normal
Jun 2, 2022 Jun 15, 2022 Apr 14, 2022 $0.31 normal
Mar 3, 2022 Mar 16, 2022 Jan 18, 2022 $0.31 normal
Dec 2, 2021 Dec 15, 2021 Oct 19, 2021 $0.3 normal
Sep 2, 2021 Sep 15, 2021 Jul 20, 2021 $0.3 normal
Jun 3, 2021 Jun 16, 2021 Apr 15, 2021 $0.29 normal
Mar 4, 2021 Mar 17, 2021 Jan 19, 2021 $0.29 normal
Sep 3, 2020 Sep 16, 2020 Jul 16, 2020 $0.28 normal
Jun 4, 2020 Jun 17, 2020 Apr 16, 2020 $0.28 normal
Mar 5, 2020 Mar 18, 2020 Jan 16, 2020 $0.28 normal
Dec 5, 2019 Dec 18, 2019 Oct 10, 2019 $0.27 normal
Sep 5, 2019 Sep 18, 2019 Jul 11, 2019 $0.27 normal
Jun 6, 2019 Jun 19, 2019 Apr 11, 2019 $0.26 normal
Mar 7, 2019 Mar 20, 2019 Jan 17, 2019 $0.26 normal
Dec 6, 2018 Dec 19, 2018 Oct 11, 2018 $0.75 special
Dec 6, 2018 Dec 19, 2018 Oct 11, 2018 $0.25 normal
Sep 6, 2018 Sep 19, 2018 Jul 12, 2018 $0.24 normal
Jun 7, 2018 Jun 20, 2018 Apr 12, 2018 $0.22 normal
Mar 8, 2018 Mar 21, 2018 Jan 11, 2018 $0.22 normal
Dec 7, 2017 Dec 20, 2017 Oct 12, 2017 $0.19 normal
Sep 7, 2017 Sep 20, 2017 Jul 18, 2017 $0.19 normal
Jun 7, 2017 Jun 21, 2017 Apr 13, 2017 $0.18 normal
Mar 8, 2017 Mar 22, 2017 Jan 17, 2017 $0.18 normal
Dec 7, 2016 Dec 21, 2016 Oct 13, 2016 $0.17 normal
Dec 7, 2016 Dec 21, 2016 Oct 13, 2016 $0.5 special
Sep 7, 2016 Sep 21, 2016 Jul 14, 2016 $0.17 normal
Jun 8, 2016 Jun 23, 2016 Apr 14, 2016 $0.16 normal

Mercantile Bank dividend payout ratio

What is Mercantile Bank dividend payout ratio compared to the sector

Payout ratio

Mercantile Bank's payout ratio of 38.5% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 30.6%, Mercantile Bank's payout ratio is 26% higher.

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

MBWM dividend vs peer dividends

How does MBWM dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
MBWM Mercantile Bank Corp 3.61% $1.24 38.5%
FITB Fifth Third Bancorp 3.46% $1.23 37.6%
MCBC Macatawa Bank Corp 2.95% $0.32 38.1%
SRCE 1St Source Corp 2.24% $1.26 26.8%

Frequently asked questions

Does Mercantile Bank pay a dividend?

Yes, Mercantile Bank has been paying dividends for the last ten years.

When is Mercantile Bank's next dividend?

MBWM's next dividend date is Dec 1, 2022 (ex-date).

When was MBWM's last dividend?

Mercantile Bank's last dividend ex-date was on Sep 1, 2022. The dividend amount was $0.32 per share.

How much dividend does Mercantile Bank pay (per share)?

MBWM has paid dividend of $1.24 per share in the last year.

What is Mercantile Bank's dividend yield?

The current dividend yield of Mercantile Bank is 3.61%.

How often does Mercantile Bank pay dividends?

Mercantile Bank pays dividends quarterly.

What is Mercantile Bank's dividend payout ratio?

Mercantile Bank's dividend payout ratio is 38.5%.

Does Mercantile Bank pay a good dividend?

Mercantile Bank's dividend yield is above the Financial Services sector average.