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Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
59.41
+0.51 (0.87%)
At close: Oct 2, 2026, 4:00 PM EDT
59.50
+0.09 (0.15%)
After-hours: Oct 2, 2026, 7:30 PM EDT

Mercantile Bank Dividend Information

Mercantile Bank has an annual dividend of $1.56 per share, with a yield of 2.63%. The dividend is paid every three months and the last ex-dividend date was Sep 4, 2026.

Dividend Yield
2.63%
Annual Dividend
$1.56
Ex-Dividend Date
Sep 4, 2026
Payout Frequency
Quarterly
Payout Ratio
27.46%
Dividend Growth
5.41%
Growth Years
6
Buyback Yield
-3.57%
Shareholder Yield
-0.93%

Dividend History

Ex-Div Date AmountRecord DatePay Date
Sep 4, 2026$0.400Sep 4, 2026Sep 16, 2026
Jun 5, 2026$0.390Jun 5, 2026Jun 17, 2026
Mar 6, 2026$0.390Mar 6, 2026Mar 18, 2026
Dec 5, 2025$0.380Dec 5, 2025Dec 17, 2025
Sep 5, 2025$0.380Sep 5, 2025Sep 17, 2025
Jun 6, 2025$0.370Jun 6, 2025Jun 18, 2025
Mar 7, 2025$0.370Mar 7, 2025Mar 19, 2025
Dec 6, 2024$0.360Dec 6, 2024Dec 18, 2024
Sep 6, 2024$0.360Sep 6, 2024Sep 18, 2024
Jun 7, 2024$0.350Jun 7, 2024Jun 19, 2024
Feb 29, 2024$0.350Mar 1, 2024Mar 13, 2024
Nov 30, 2023$0.340Dec 1, 2023Dec 13, 2023
Aug 31, 2023$0.340Sep 1, 2023Sep 13, 2023
Jun 1, 2023$0.330Jun 2, 2023Jun 14, 2023
Mar 2, 2023$0.330Mar 3, 2023Mar 15, 2023
Dec 1, 2022$0.320Dec 2, 2022Dec 14, 2022
Sep 1, 2022$0.320Sep 2, 2022Sep 14, 2022
Jun 2, 2022$0.310Jun 3, 2022Jun 15, 2022
Mar 3, 2022$0.310Mar 4, 2022Mar 16, 2022
Dec 2, 2021$0.300Dec 3, 2021Dec 15, 2021
* Dividend amounts are adjusted for stock splits when applicable.

Dividend Charts