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Mercantile Bank MBWM

US equityMarket cap rank #3239Banks - Regional
$58.03 −$0.80 (-1.36%)
Pre-market · Oct 8, 8:20 am ET · After hours $58.03 0.00%
Open$58.18
Prev close$58.83
Day range$57.65 – $59.50
Volume111.4K
Market cap$1.00B
P/E (TTM)10.2
Dividend yield2.65%

Dividends

Dividend yield (TTM)2.65%
Last dividend$0.40Ex-date 4 Sep 2026
Next-to-last$0.39
Payments on file40

Repeating the last declared payment 4 times a year (its usual pace) works out to a forward annual dividend of $1.60, a 2.76% forward yield at today’s price.

Dividends paid per share, by year

0.9320181.0620191.1220201.1820211.2620221.3420231.4220241.502025

Across the full calendar years shown, the annual payout grew by roughly 7.1% a year.

The payout has held steady or grown for 9 straight full years on file (its entire record here).

Ex-datePay dateAmount
4 Sep 2026 16 Sep 2026 $0.40
5 Jun 2026 17 Jun 2026 $0.39
6 Mar 2026 18 Mar 2026 $0.39
5 Dec 2025 17 Dec 2025 $0.38
5 Sep 2025 17 Sep 2025 $0.38
6 Jun 2025 18 Jun 2025 $0.37
7 Mar 2025 19 Mar 2025 $0.37
6 Dec 2024 18 Dec 2024 $0.36
6 Sep 2024 18 Sep 2024 $0.36
7 Jun 2024 19 Jun 2024 $0.35
29 Feb 2024 13 Mar 2024 $0.35
30 Nov 2023 13 Dec 2023 $0.34
31 Aug 2023 13 Sep 2023 $0.34
1 Jun 2023 14 Jun 2023 $0.33
2 Mar 2023 15 Mar 2023 $0.33
1 Dec 2022 14 Dec 2022 $0.32
1 Sep 2022 14 Sep 2022 $0.32
2 Jun 2022 15 Jun 2022 $0.31
3 Mar 2022 16 Mar 2022 $0.31
2 Dec 2021 15 Dec 2021 $0.30
2 Sep 2021 15 Sep 2021 $0.30
3 Jun 2021 16 Jun 2021 $0.29
4 Mar 2021 17 Mar 2021 $0.29
3 Dec 2020 16 Dec 2020 $0.28
3 Sep 2020 16 Sep 2020 $0.28
4 Jun 2020 17 Jun 2020 $0.28
5 Mar 2020 18 Mar 2020 $0.28
5 Dec 2019 18 Dec 2019 $0.27
5 Sep 2019 18 Sep 2019 $0.27
6 Jun 2019 19 Jun 2019 $0.26
7 Mar 2019 20 Mar 2019 $0.26
6 Dec 2018 19 Dec 2018 $0.25
6 Sep 2018 19 Sep 2018 $0.24
7 Jun 2018 20 Jun 2018 $0.22
8 Mar 2018 21 Mar 2018 $0.22
7 Dec 2017 20 Dec 2017 $0.19
7 Sep 2017 20 Sep 2017 $0.19
7 Jun 2017 21 Jun 2017 $0.18
8 Mar 2017 22 Mar 2017 $0.18
7 Dec 2016 21 Dec 2016 $0.67

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