Mercantile Bank Dividend Information

Mercantile Bank has an annual dividend of $1.40 per share, with a forward yield of 3.84%. The dividend is paid every three months and the next ex-dividend date is Jun 7, 2024.

Dividend Yield

3.84%

Annual Dividend

$1.40

Ex-Dividend Date

Jun 7, 2024

Payout Frequency

Quarterly

Payout Ratio

27.29%

Dividend Growth

6.15%

Growth Years

Buyback Yield

-1.00%

Shareholder Yield

2.84%

Dividend History

Ex-Dividend Date	Cash Amount	Record Date	Pay Date
Jun 7, 2024	$0.350	Jun 7, 2024	Jun 19, 2024
Feb 29, 2024	$0.350	Mar 1, 2024	Mar 13, 2024
Nov 30, 2023	$0.340	Dec 1, 2023	Dec 13, 2023
Aug 31, 2023	$0.340	Sep 1, 2023	Sep 13, 2023
Jun 1, 2023	$0.330	Jun 2, 2023	Jun 14, 2023
Mar 2, 2023	$0.330	Mar 3, 2023	Mar 15, 2023
Dec 1, 2022	$0.320	Dec 2, 2022	Dec 14, 2022
Sep 1, 2022	$0.320	Sep 2, 2022	Sep 14, 2022
Jun 2, 2022	$0.310	Jun 3, 2022	Jun 15, 2022
Mar 3, 2022	$0.310	Mar 4, 2022	Mar 16, 2022
Dec 2, 2021	$0.300	Dec 3, 2021	Dec 15, 2021
Sep 2, 2021	$0.300	Sep 3, 2021	Sep 15, 2021
Jun 3, 2021	$0.290	Jun 4, 2021	Jun 16, 2021
Mar 4, 2021	$0.290	Mar 5, 2021	Mar 17, 2021
Dec 3, 2020	$0.280	Dec 4, 2020	Dec 16, 2020
Sep 3, 2020	$0.280	Sep 4, 2020	Sep 16, 2020
Jun 4, 2020	$0.280	Jun 5, 2020	Jun 17, 2020
Mar 5, 2020	$0.280	Mar 6, 2020	Mar 18, 2020
Dec 5, 2019	$0.270	Dec 6, 2019	Dec 18, 2019
Sep 5, 2019	$0.270	Sep 6, 2019	Sep 18, 2019
Jun 6, 2019	$0.260	Jun 7, 2019	Jun 19, 2019
Mar 7, 2019	$0.260	Mar 8, 2019	Mar 20, 2019
Dec 6, 2018	$1.000	Dec 7, 2018	Dec 19, 2018
Sep 6, 2018	$0.2339	Sep 7, 2018	Sep 19, 2018
Jun 7, 2018	$0.2144	Jun 8, 2018	Jun 20, 2018
Mar 8, 2018	$0.2144	Mar 9, 2018	Mar 21, 2018
Dec 7, 2017	$0.1852	Dec 8, 2017	Dec 20, 2017
Sep 7, 2017	$0.1852	Sep 8, 2017	Sep 20, 2017
Jun 7, 2017	$0.1755	Jun 9, 2017	Jun 21, 2017
Mar 8, 2017	$0.1755	Mar 10, 2017	Mar 22, 2017
Dec 7, 2016	$0.670	Dec 9, 2016	Dec 21, 2016
Sep 7, 2016	$0.1633	Sep 9, 2016	Sep 21, 2016
Jun 8, 2016	$0.1537	Jun 10, 2016	Jun 23, 2016
Mar 9, 2016	$0.1537	Mar 11, 2016	Mar 23, 2016
Dec 9, 2015	$0.1441	Dec 11, 2015	Dec 23, 2015
Sep 9, 2015	$0.1441	Sep 11, 2015	Sep 23, 2015
Jun 10, 2015	$0.1345	Jun 12, 2015	Jun 24, 2015
Mar 11, 2015	$0.1345	Mar 13, 2015	Mar 25, 2015
Dec 10, 2014	$0.1153	Dec 12, 2014	Dec 24, 2014
Sep 10, 2014	$0.1153	Sep 12, 2014	Sep 24, 2014
Jun 11, 2014	$0.1153	Jun 13, 2014	Jun 25, 2014
May 20, 2014	$2.000	May 22, 2014	May 29, 2014

* Dividend amounts are adjusted for stock splits when applicable.

Dividend Charts

* Charts do not include special dividends that are paid irregularly.