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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
Holding MBWM?
Track your performance easily
Dividend Data
Next Ex-Dividend Date
Dec 06, 2024Payment date
Dec 18, 2024
Dec 18, 2024
Dividend Amount Per Share
$0.36Quarterly
Dividend Yield
2.78%Sector: Financial
Sector Average: 1.319%
Sector Average: 1.319%
Payout Ratio
28.07%Dividend Growth
6 years Since 2019
Moderate Buy
Last 3 Months
MBWM Dividend History
Ex-Date | Record Date | Payment Date | Frequency | Declaration Date | Amount |
|---|---|---|---|---|---|
| Dec 06, 2024 | Dec 06, 2024 | Dec 18, 2024 | Quarterly | ― | $0.36 |
| Sep 06, 2024 | Sep 06, 2024 | Sep 18, 2024 | Quarterly | Jul 11, 2024 | $0.36 |
| Jun 07, 2024 | Jun 07, 2024 | Jun 19, 2024 | Quarterly | Apr 11, 2024 | $0.35 |
| Feb 29, 2024 | Mar 01, 2024 | Mar 13, 2024 | Quarterly | Jan 11, 2024 | $0.35 |
| Nov 30, 2023 | Dec 01, 2023 | Dec 13, 2023 | Quarterly | Oct 12, 2023 | $0.34 |
| Aug 31, 2023 | Sep 01, 2023 | Sep 13, 2023 | Quarterly | Jul 13, 2023 | $0.34 |
| Jun 01, 2023 | Jun 02, 2023 | Jun 14, 2023 | Quarterly | Apr 18, 2023 | $0.33 |
| Mar 02, 2023 | Mar 03, 2023 | Mar 15, 2023 | Quarterly | Jan 12, 2023 | $0.33 |
| Dec 01, 2022 | Dec 02, 2022 | Dec 14, 2022 | Quarterly | Oct 18, 2022 | $0.32 |
| Sep 01, 2022 | Sep 02, 2022 | Sep 14, 2022 | Quarterly | Jul 14, 2022 | $0.32 |
FAQ
Does Mercantile Bank Corp. pay dividends?
Yes, MBWM has paid a dividend within the past 12 months.
How much is Mercantile Bank Corp.'s dividend?
MBWM pays a dividend of $0.36 per share. MBWM's annual dividend yield is 2.78%.
When is Mercantile Bank Corp. ex-dividend date?
Mercantile Bank's upcoming ex-dividend date is on Dec 06, 2024. Mercantile Bank shareholders who own MBWM stock before this date will receive Mercantile Bank's next dividend payment of $0.36 per share on Dec 18, 2024. Add MBWM to your watchlist to be reminded before Mercantile Bank's ex-dividend date.
When is Mercantile Bank Corp. dividend payment date?
Mercantile Bank's next dividend payment date is on Dec 18, 2024, when Mercantile Bank shareholders who own MBWM shares before Dec 06, 2024 will receive a dividend payment of $0.36 per share. Add MBWM to your watchlist to be reminded of MBWM's next dividend payment.
Does Mercantile Bank Corp. have sufficient earnings to cover their dividend?
Yes, MBWM's past year earnings per share was $4.97, and their annual dividend per share is $1.42. MBWM's dividend payout ratio is 28.07% ($1.42/$4.97) which is sustainable.