Mercantile Bank Corporation Dividends | Yield & Payout

Dividend history and payout analysis for Mercantile Bank Corporation (MBWM). Use the fiscal-year summary and the payout history table below to track dividend per share, dividend yield, and payout ratio changes over time, plus the key dates investors watch for dividend investing.

Dividend Performance Chart

Dividend Summary (FY)

22 years
Metric (FY)2025202420232022202120202019201820172016201520142013201220102009200820072006200520042003
Dividends per share (FY)$1.50$1.42$1.34$1.26$1.18$1.12$1.06$1.68$0.74$1.16$0.58$2.48$0.45$0.09$0.01$0.07$0.31$0.55$0.51$0.42$0.36$0.40
Dividend yield (FY) %N/A3.13%3.25%3.69%3.31%4.06%2.86%5.86%2.07%3.05%2.33%8.61%2.07%0.89%0.87%4.28%7.10%3.57%1.27%0.99%0.86%0.83%
Payout ratio (FY) %N/A28.23%25.55%32.10%31.39%40.62%34.59%65.44%38.52%58.69%35.22%141.16%22.83%10.13%-4.58%-2.15%-52.13%52.16%20.33%17.81%18.63%18.42%

Dividend Payout History

84 payments
Pay DateEx-DateRecord DateAmount
2025-12-17December 05, 252025-12-05$0.38
2025-09-17September 05, 252025-09-05$0.38
2025-06-18June 06, 252025-06-06$0.37
2025-03-19March 07, 252025-03-07$0.37
2024-12-18December 06, 242024-12-06$0.36
2024-09-18September 06, 242024-09-06$0.36
2024-06-19June 07, 242024-06-07$0.35
2024-03-13February 29, 242024-03-01$0.35
2023-12-13November 30, 232023-12-01$0.34
2023-09-13August 31, 232023-09-01$0.34
2023-06-14June 01, 232023-06-02$0.33
2023-03-15March 02, 232023-03-03$0.33
2022-12-14December 01, 222022-12-02$0.32
2022-09-14September 01, 222022-09-02$0.32
2022-06-15June 02, 222022-06-03$0.31
2022-03-16March 03, 222022-03-04$0.31
2021-12-15December 02, 212021-12-03$0.30
2021-09-15September 02, 212021-09-03$0.30
2021-06-16June 03, 212021-06-04$0.29
2021-03-17March 04, 212021-03-05$0.29
2020-12-16December 03, 202020-12-04$0.28
2020-09-16September 03, 202020-09-04$0.28
2020-06-17June 04, 202020-06-05$0.28
2020-03-18March 05, 202020-03-06$0.28
2019-12-18December 05, 192019-12-06$0.27
2019-09-18September 05, 192019-09-06$0.27
2019-06-19June 06, 192019-06-07$0.26
2019-03-20March 07, 192019-03-08$0.26
2018-12-19December 06, 182018-12-07$1.00
2018-09-19September 06, 182018-09-07$0.24
2018-06-20June 07, 182018-06-08$0.22
2018-03-21March 08, 182018-03-09$0.22
2017-12-20December 07, 172017-12-08$0.19
2017-09-20September 07, 172017-09-08$0.19
2017-06-21June 07, 172017-06-09$0.18
2017-03-22March 08, 172017-03-10$0.18
2016-12-21December 07, 162016-12-09$0.67
2016-09-21September 07, 162016-09-09$0.17
2016-06-23June 08, 162016-06-10$0.16
2016-03-23March 09, 162016-03-11$0.16
2015-12-23December 09, 152015-12-11$0.15
2015-09-23September 09, 152015-09-11$0.15
2015-06-24June 10, 152015-06-12$0.14
2015-03-25March 11, 152015-03-13$0.14
2014-12-24December 10, 142014-12-12$0.12
2014-09-24September 10, 142014-09-12$0.12
2014-06-25June 11, 142014-06-13$0.12
2014-05-29May 20, 142014-05-22$2.00
2014-03-10February 06, 142014-02-10$0.12
2013-12-10November 06, 132013-11-08$0.12
2013-09-10August 07, 132013-08-09$0.12
2013-06-10May 08, 132013-05-10$0.11
2013-03-08February 06, 132013-02-08$0.10
2012-12-10November 07, 122012-11-09$0.09
2010-03-10February 08, 102010-02-10$0.01
2009-12-10November 06, 092009-11-10$0.01
2009-09-10August 06, 092009-08-10$0.01
2009-06-10May 06, 092009-05-08$0.01
2009-03-10February 06, 092009-02-10$0.04
2008-12-10November 06, 082008-11-10$0.04
2008-09-10August 06, 082008-08-08$0.04
2008-06-10May 07, 082008-05-09$0.08
2008-03-10February 06, 082008-02-08$0.15
2007-12-10November 07, 072007-11-09$0.14
2007-09-10August 08, 072007-08-10$0.14
2007-06-08May 08, 072007-05-10$0.13
2007-03-09February 07, 072007-02-09$0.14
2006-12-08November 08, 062006-11-10$0.13
2006-09-08August 08, 062006-08-10$0.13
2006-06-09May 15, 062006-05-17$0.13
2006-03-10February 08, 062006-02-10$0.12
2005-12-09November 08, 052005-11-10$0.11
2005-09-09August 08, 052005-08-10$0.10
2005-06-10May 06, 052005-05-10$0.11
2005-03-10February 08, 052005-02-10$0.10
2004-12-10November 08, 042004-11-10$0.09
2004-09-10August 06, 042004-08-10$0.09
2004-06-10May 06, 042004-05-10$0.09
2004-03-10February 06, 042004-02-10$0.09
2003-12-10November 06, 032003-11-10$0.08
2003-09-10August 07, 032003-08-11$0.08
2003-06-10May 08, 032003-05-12$0.08
2003-03-10February 06, 032003-02-10$0.08
N/AJanuary 15, 03N/A$0.08

Frequently Asked Questions

What is Mercantile Bank Corporation's current dividend yield and payout ratio?

The dividend yield shows how much Mercantile Bank Corporation returns to shareholders relative to its stock price, while the payout ratio indicates how much of its earnings are distributed. Monitoring these metrics helps investors evaluate whether the dividend is sustainable and supported by earnings or cash flow.

How has Mercantile Bank Corporation's dividend changed over the last 5 years?

By reviewing the historical dividend payouts for Mercantile Bank Corporation, investors can identify trends in growth or cuts. Consistent or rising dividends over time often signal financial stability, while decreasing dividends may indicate potential risks or shifts in business strategy. Use the FY summary and payout history tables to track changes across multiple years.

Is Mercantile Bank Corporation a high-yield stock compared to its industry peers?

Comparing Mercantile Bank Corporation's dividend yield with similar companies in the same sector helps gauge relative attractiveness. A higher yield can be appealing for income-focused investors, but it's important to assess sustainability alongside profitability and balance-sheet strength. Use the related peers section to benchmark dividend yield and payout characteristics.

Can Mercantile Bank Corporation maintain its dividend during market downturns?

Analyzing Mercantile Bank Corporation's liquidity, cash flow, and debt levels provides insight into whether it can sustain dividend payments during economic volatility. Stocks with strong financial health are more likely to maintain consistent dividends even when markets fluctuate. Pair dividend metrics with the FY payout ratio and the multi-year history tables for context.

Should I consider Mercantile Bank Corporation dividends as part of my long-term investment strategy?

Investors often include Mercantile Bank Corporation dividends in a long-term portfolio to generate passive income. Assessing dividend yield, payout ratio, growth history, and financial stability helps determine whether the company fits an income-focused or total-return investment strategy. Review the dividend summary and payout history tables to validate consistency over time.