MBWM:Mercantile Bank Corp. - Stock Price Quote and Dividend Data
MBWM STOCK PRICE LATEST CLOSE
$41.12
EXCHANGE
NASDAQ
SECTOR / SEGMENT / INDUSTRY
Mercantile Bank Corp. Dividend Information
Trailing 12 Month Dividend Yield3.50%
Projected 10 Year Dividend Yield6.37%
Dividend Yield 5 Year Average3.73%
Dividend Rate (IAD)$1.48
Dividend Payout Ratio29.00%
Dividend Payout Ratio 5 yr Average33.00%
Dividend Growth Rate 3 yr Average6.27%
Dividend Growth Rate 5 yr Average5.92%
Dividend AllStar™ Ranking
Consecutive Dividend Increases5 Years
Split Payment TypeStock Dividend
Dividend Payment Type0Y
Dividend Declaration DateJan. 21, 2025
Dividend Ex DateMar. 07, 2025
Dividend Record DateMar. 07, 2025
Dividend Pay DateMar. 19, 2025
Dividend Amount Current$0.370
Dividend Amount Previous$0.360
Dividends Paid in the Last 12 Months4
First Dividend Paid2003
Mercantile Bank Corp. Stock Price Information
52-Week Low/High Stock Price$33.64 - $52.98
Percent Held by Institutions59.48%
Revenue$454,547,000
Net Income$99,218,000
Cash Flow$160,976,000
EPS1.21%
Market Cap$667,418,720
PE Ratio to Industry20%
Debt-Equity Ratio23.89%
Debt-Equity to Industry1.97%
Total Return Last 12 Months14.41%
Total Return Last 3 Years33.04%
Total Return Last 5 Years100.89%
Latest Trade DateApr. 09, 2025
Mercantile Bank Corp. Annual Stock Dividends
Mercantile Bank Corp. Dividend Payment History
| Mercantile Bank Corp.MBWM 2025 Dividends | |||||
| Decl Date | Ex Date | Rec Date | Pay Date | Type | AmountAmt |
|---|---|---|---|---|---|
| Jan. 21, 20251/21/25 | Mar. 07, 20253/7/25 | Mar. 07, 20253/7/25 | Mar. 19, 20253/19/25 | 0Y | 0.370 |
| Mercantile Bank Corp.MBWM 2025 Total: | 0.370 | ||||
| Mercantile Bank Corp.MBWM 2024 Dividends | |||||
| Decl Date | Ex Date | Rec Date | Pay Date | Type | AmountAmt |
| Oct. 10, 202410/10/24 | Dec. 06, 202412/6/24 | Dec. 06, 202412/6/24 | Dec. 18, 202412/18/24 | 0Y | 0.360 |
| Jul. 11, 20247/11/24 | Sep. 06, 20249/6/24 | Sep. 06, 20249/6/24 | Sep. 18, 20249/18/24 | 0Y | 0.360 |
| Apr. 11, 20244/11/24 | Jun. 07, 20246/7/24 | Jun. 07, 20246/7/24 | Jun. 19, 20246/19/24 | 0Y | 0.350 |
| Jan. 11, 20241/11/24 | Feb. 29, 20242/29/24 | Mar. 01, 20243/1/24 | Mar. 13, 20243/13/24 | 0Y | 0.350 |
| Mercantile Bank Corp.MBWM 2024 Total: | 1.420 | ||||
| Mercantile Bank Corp. Full Dividend History Detail | |||||
Mercantile Bank Corp. Other Dividend Details
Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits.
SectorFinancials
SegmentBanking & Savings
IndustryBanking
Dividend AllStar™ Ranking
Re-Investment Agentcomputershare.com
Direct Purchase Minimum$0
Optional Cash Pay Min-Max$50 - $200,000/yr
Optional Cash Payment FrequencyMonthly
Jan. 21, 2025DIVIDEND ANNOUNCEMENT: Mercantile Bank Corp. (NASDAQ: MBWM) on 01-21-2025 declared a dividend of $0.3700 per share
Nov. 07, 2024MBWM STOCK PRICE INCREASE: Mercantile Bank Corp. on 11-07-2024 increased stock price > 10% from $43.90 to $51.16
Jul. 17, 2024MBWM STOCK PRICE INCREASE: Mercantile Bank Corp. on 07-17-2024 increased stock price > 10% from $44.12 to $49.44
Dec. 08, 2023MBWM STOCK PRICE 52 WEEK HIGH: Mercantile Bank Corp. on 12-08-2023 hit a 52 week high of $37.34
Jul. 19, 2023DIVIDEND RATE INCREASE: Mercantile Bank Corp. (NASDAQ: MBWM) on 07-19-2023 increased dividend rate > 3% from $1.32 to $1.36
Jul. 19, 2023MBWM STOCK PRICE INCREASE: Mercantile Bank Corp. on 07-19-2023 increased stock price > 10% from $29.45 to $33.03
Apr. 18, 2023DIVIDEND ANNOUNCEMENT: Mercantile Bank Corp. (NASDAQ: MBWM) on 04-18-2023 declared a dividend of $0.3300 per share
Jan. 18, 2023DIVIDEND RATE INCREASE: Mercantile Bank Corp. (NASDAQ: MBWM) on 01-18-2023 increased dividend rate > 3% from $1.28 to $1.32
Oct. 18, 2022DIVIDEND ANNOUNCEMENT: Mercantile Bank Corp. (NASDAQ: MBWM) on 10-18-2022 declared a dividend of $0.3200 per share
Jul. 20, 2022DIVIDEND RATE INCREASE: Mercantile Bank Corp. (NASDAQ: MBWM) on 07-20-2022 increased dividend rate > 3% from $1.24 to $1.28
Apr. 10, 2025DIVIDEND RATE DECREASE: Ord Eur 1/Bank of Ireland Group plc (OTCBB: BKRIF) on 04-10-2025 decreased dividend rate > 3% from $0.48 to $0.32
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