NASDAQ : MBWM
Mercantile Bank Corporation — Dividends
Financials · Banks - Regional · United States
Last price 60.65 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.05B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Dividends
Mercantile Bank Corporation (MBWM) last paid a dividend of $0.400 (ex-dividend 2026-12-04, record date 2026-12-04, paid 2026-12-16). Dividend yield 2.61%, annual dividend $1.60, payout ratio 28.15%.
| Measure | Value |
|---|---|
| Dividend yield | 2.61% |
| Annual dividend | $1.60 |
| Last ex-dividend date | Dec 4, 2026 |
| Frequency | Quarterly |
| Payout ratio | 28.15% |
| Dividend growth | 5.33% |
Dividend history
| Ex-dividend date | Amount | Record date | Pay date |
|---|---|---|---|
| 2026-12-04 | $0.400 | 2026-12-04 | 2026-12-16 |
| 2026-09-04 | $0.400 | 2026-09-04 | 2026-09-16 |
| 2026-06-05 | $0.390 | 2026-06-05 | 2026-06-17 |
| 2026-03-06 | $0.390 | 2026-03-06 | 2026-03-18 |
| 2025-12-05 | $0.380 | 2025-12-05 | 2025-12-17 |
| 2025-09-05 | $0.380 | 2025-09-05 | 2025-09-17 |
| 2025-06-06 | $0.370 | 2025-06-06 | 2025-06-18 |
| 2025-03-07 | $0.370 | 2025-03-07 | 2025-03-19 |
| 2024-12-06 | $0.360 | 2024-12-06 | 2024-12-18 |
| 2024-09-06 | $0.360 | 2024-09-06 | 2024-09-18 |
| 2024-06-07 | $0.350 | 2024-06-07 | 2024-06-19 |
| 2024-02-29 | $0.350 | 2024-03-01 | 2024-03-13 |
| 2023-11-30 | $0.340 | 2023-12-01 | 2023-12-13 |
| 2023-08-31 | $0.340 | 2023-09-01 | 2023-09-13 |
| 2023-06-01 | $0.330 | 2023-06-02 | 2023-06-14 |
| 2023-03-02 | $0.330 | 2023-03-03 | 2023-03-15 |
| 2022-12-01 | $0.320 | 2022-12-02 | 2022-12-14 |
| 2022-09-01 | $0.320 | 2022-09-02 | 2022-09-14 |
| 2022-06-02 | $0.310 | 2022-06-03 | 2022-06-15 |
| 2022-03-03 | $0.310 | 2022-03-04 | 2022-03-16 |
Mercantile Bank has an annual dividend of $1.60 per share, with a yield of 2.61%. The dividend is paid every three months and the next ex-dividend date is Dec 4, 2026.