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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
Holding MBWM?
Track your performance easily
Dividend Data
Last Ex-Dividend Date
Sep 06, 2024Payment date
Sep 18, 2024
Sep 18, 2024
Dividend Amount Per Share
$0.36Quarterly
Dividend Yield
3.07%Sector: Financial
Sector Average: 2.114%
Sector Average: 2.114%
Payout Ratio
27.63%Dividend Growth
6 years Since 2019
Moderate Buy
Last 3 Months
MBWM Dividend History
Ex-Date | Record Date | Payment Date | Frequency | Declaration Date | Amount |
|---|---|---|---|---|---|
| Sep 06, 2024 | Sep 06, 2024 | Sep 18, 2024 | Quarterly | ― | $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 |
| Jun 02, 2022 | Jun 03, 2022 | Jun 15, 2022 | Quarterly | Apr 14, 2022 | $0.31 |
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 3.07%.
When is Mercantile Bank Corp. ex-dividend date?
Mercantile Bank's previous ex-dividend date was on Sep 06, 2024. Mercantile Bank shareholders who own MBWM stock before this date received Mercantile Bank's last dividend payment of $0.36 per share on Sep 18, 2024. MBWM's next ex-dividend date has not been announced yet.
When is Mercantile Bank Corp. dividend payment date?
Mercantile Bank’s next quarterly payment date is on Sep 18, 2024, when Mercantile Bank shareholders who owned MBWM shares before Sep 06, 2024 received 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 $5.05, and their annual dividend per share is $1.40. MBWM's dividend payout ratio is 27.63% ($1.40/$5.05) which is sustainable.