Mercantile Bank Corporation
MBWM
Price:
$45.39
Market Cap:
$732.68M
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as ...[Read more]
Industry
Banks - Regional
IPO Date
1999-07-20
Stock Exchange
NASDAQ
Ticker
MBWM
PE Ratio
[9.15]
ROE
[14.59%]
Current Ratio
[0]
Dividend Yield
[3.13%]
Enterprise Value
[960.60M]
Dividend History
MBWM Dividend History Overview
Dividends are a key part of long-term returns for investors, and Mercantile Bank Corporation (MBWM) has a track record worth reviewing. Looking at dividend history for MBWM gives you an idea of how consistent the dividends have been and what you might expect in the future.
Ex-Dividend Date
2024-12-06
Dividend Yield
3.13%
Annual Dividend
$0.36
P/E Ratio
9.15
Payout Ratio
0.28
Dividend per Share
$1.42
EPS
4.96
| Ex-Date/EFF Date | Dividend Amount | Adjusted Dividend | Payment Date | Declaration Date |
|---|---|---|---|---|
| 2024-12-06 | $0.36 | $0.36 | 2024-12-18 | 2024-10-10 |
| 2024-09-06 | $0.36 | $0.36 | 2024-09-18 | 2024-07-11 |
| 2024-06-07 | $0.35 | $0.35 | 2024-06-19 | 2024-04-11 |
| 2024-02-29 | $0.35 | $0.35 | 2024-03-13 | 2024-01-11 |
| 2023-11-30 | $0.34 | $0.34 | 2023-12-13 | 2023-10-12 |
| 2023-08-31 | $0.34 | $0.34 | 2023-09-13 | 2023-07-13 |
| 2023-06-01 | $0.33 | $0.33 | 2023-06-14 | 2023-04-13 |
| 2023-03-02 | $0.33 | $0.33 | 2023-03-15 | 2023-01-12 |
| 2022-12-01 | $0.32 | $0.32 | 2022-12-14 | 2022-10-13 |
| 2022-09-01 | $0.32 | $0.32 | 2022-09-14 | 2022-07-14 |
| 2022-06-02 | $0.31 | $0.31 | 2022-06-15 | 2022-04-14 |
Mercantile Bank Corporation (MBWM) Dividend History Chart
The table below shows Mercantile Bank Corporation (MBWM) dividend history over the years, including the amount per share, the payout date, and any adjustments for stock splits.
Mercantile Bank Corporation (MBWM) Dividend Growth
Mercantile Bank Corporation (MBWM) dividend history also allows you to track its dividend growth over time. This gives you insight into how the company’s earnings and payout ratios have evolved. Tracking this growth can help you gauge the stock's potential for future income.
Other Popular Dividend Stocks
Check out the dividend history of other popular stocks:
| Stock name | Dividend yield |
|---|---|
| Macatawa Bank Corporation (MCBC) | 0.01% |
| Great Southern Bancorp, Inc. (GSBC) | 0.03% |
| The First Bancorp, Inc. (FNLC) | 0.05% |
| MidWestOne Financial Group, Inc. (MOFG) | 0.03% |
| Lakeland Financial Corporation (LKFN) | 0.03% |
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Frequently asked questions❓
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