Skip to content
TopDivs

MBWM Dividend

Mercantile Bank Corporation

NASDAQFinancial ServicesStockData as of
Dividend yield
2.62%
Annual dividend
$1.56
Payout ratio
0.27
Frequency
Quarterly
Share price
$59.52
Market cap
$1.0B

Is MBWM a good dividend stock?

What the data shows. These are observations, not recommendations — see the disclaimer at the foot of the page.

  • Yield is below the market median2.62% against a median of 2.92%. A lower yield is common among companies that reinvest more of their earnings or whose shares have risen.
  • Dividend is comfortably coveredA payout ratio of 0.27 means roughly 27% of earnings go to the dividend, leaving room to keep paying through a weaker year.
  • Dividend has been cut 7 timesAcross 33 complete years, the annual total fell in 2011, 2014, 2015 and earlier. The most recent reduction was in 2015.
  • Raised for 6 consecutive yearsDerived from split-adjusted payment history and approximate; treat it as a relative signal rather than a certified record.

MBWM dividend history

Annual dividend per share, 1993 to 2025.

1993199920052011201720232025
Peak $1.50 in 2008Year the total fellTypical payment × payments that year, split-adjusted, excluding special and one-off distributions. Robust to duplicate records in the source data. The current year is omitted while incomplete.

Recent dividend payments

The last 40 dividend payments for MBWM, most recent first.
Ex-dividend datePay dateAmountType
$0.4000Quarterly
$0.3900Quarterly
$0.3900Quarterly
$0.3800Quarterly
$0.3800Quarterly
$0.3700Quarterly
$0.3700Quarterly
$0.3600Quarterly
$0.3600Quarterly
$0.3500Quarterly
$0.3500Quarterly
$0.3400Quarterly
$0.3400Quarterly
$0.3300Quarterly
$0.3300Quarterly
$0.3200Quarterly
$0.3200Quarterly
$0.3100Quarterly
$0.3100Quarterly
$0.3000Quarterly
$0.3000Quarterly
$0.2900Quarterly
$0.2900Quarterly
$0.2800Quarterly
$0.2800Quarterly
$0.2800Quarterly
$0.2800Quarterly
$0.2700Quarterly
$0.2700Quarterly
$0.2600Quarterly
$0.2600Quarterly
$1.0000Quarterly
$0.2400Quarterly
$0.2200Quarterly
$0.2200Quarterly
$0.1900Quarterly
$0.1900Quarterly
$0.1800Quarterly
$0.1800Quarterly
$0.6700Quarterly

How much would MBWM pay you?

Enter an amount and see the income this dividend would produce — per year, per payment and per month.

Calculate MBWM dividend income →

MBWM appears in

Other financial services dividend stocks

Closest to MBWM on yield.

Browse all dividend stocks A-Z →

Frequently asked questions

Does MBWM pay a dividend?
Yes. Mercantile Bank Corporation pays a quarterly dividend, currently yielding 2.62% based on trailing twelve-month payments of $1.56 per share.
How much does MBWM pay in dividends?
$1.56 per share over the last twelve months, paid quarterly. Special and one-off distributions are excluded from that figure because they do not recur.
When is the next MBWM ex-dividend date?
No upcoming ex-dividend date is currently on record for MBWM. Dates appear here once the company declares them.