Mercantile Bank's most recent quarterly dividend was on Dec 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 $1.18 per share. This brings the dividend yield to 3.09% based on its recent close price.
MBWM next dividend date: Mar 3, 2022
Mercantile Bank's dividend yield of 3.09% is above the Financial Services sector, the industry and its peers average.
Mercantile Bank has a long dividend history, including the last nine consecutive years with dividend payouts. MBWM has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 6% for the last year. But since the stock price has gone up by 30% from a year ago, the dividend yield has decreased by 18%.
| Declared on | Ex-date | Payment date | Amount | Type |
|---|---|---|---|---|
| Oct 19, 2021 | Dec 2, 2021 | Dec 15, 2021 | $0.3 | normal |
| 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 | $0.25 | normal |
| Oct 11, 2018 | Dec 6, 2018 | Dec 19, 2018 | $0.75 | special |
| 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 |
Mercantile Bank's payout ratio of 31.1% is above the industry and its peers average but below the Financial Services sector average.