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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
Mercantile Bank (MBWM) Dividend Date & History
342 Followers
Dividend Data
Next Ex-Dividend Date
Jun 07, 2024Payment date
Jun 19, 2024
Jun 19, 2024
Dividend Amount Per Share
$0.35Quarterly
Dividend Yield
3.84%Sector: Financial
Sector Average: 2.114%
Sector Average: 2.114%
Payout Ratio
21.00%Dividend Growth
5 years Since 2019
Moderate Buy
Last 3 Months
MBWM Dividend History
Ex-Date | Amount | Frequency | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|
| Jun 07, 2024 | $0.35 | Quarterly | ― | Jun 07, 2024 | Jun 19, 2024 |
| Feb 29, 2024 | $0.35 | Quarterly | ― | Mar 01, 2024 | Mar 13, 2024 |
| Nov 30, 2023 | $0.34 | Quarterly | Oct 12, 2023 | Dec 01, 2023 | Dec 13, 2023 |
| Aug 31, 2023 | $0.34 | Quarterly | Jul 13, 2023 | Sep 01, 2023 | Sep 13, 2023 |
| Jun 01, 2023 | $0.33 | Quarterly | Apr 18, 2023 | Jun 02, 2023 | Jun 14, 2023 |
| Mar 02, 2023 | $0.33 | Quarterly | Jan 12, 2023 | Mar 03, 2023 | Mar 15, 2023 |
| Dec 01, 2022 | $0.32 | Quarterly | Oct 18, 2022 | Dec 02, 2022 | Dec 14, 2022 |
| Sep 01, 2022 | $0.32 | Quarterly | Jul 14, 2022 | Sep 02, 2022 | Sep 14, 2022 |
| Jun 02, 2022 | $0.31 | Quarterly | Apr 14, 2022 | Jun 03, 2022 | Jun 15, 2022 |
| Mar 03, 2022 | $0.31 | Quarterly | Jan 18, 2022 | Mar 04, 2022 | Mar 16, 2022 |
FAQ
Does Mercantile Bank Corp. pay dividends?
Yes, MBWM has paid a dividend within the past 12 months.
How much is Mercantile Bank Corp.'s dividend?
MBWM pays a dividend of $0.35 per share. MBWM's annual dividend yield is 3.84%.
When is Mercantile Bank Corp. ex-dividend date?
Mercantile Bank's upcoming ex-dividend date is on Jun 07, 2024. Mercantile Bank shareholders who own MBWM stock before this date will receive Mercantile Bank's next dividend payment of $0.35 per share on Jun 19, 2024. Add MBWM to your watchlist to be reminded before Mercantile Bank's ex-dividend date.
When is Mercantile Bank Corp. dividend payment date?
Mercantile Bank's next dividend payment date is on Jun 19, 2024, when Mercantile Bank shareholders who own MBWM shares before Jun 07, 2024 will receive a dividend payment of $0.35 per share. Add MBWM to your watchlist to be reminded of MBWM's next dividend payment.
Does Mercantile Bank Corp. have sufficient earnings to cover their dividend?
Yes, MBWM's past year earnings per share was $5.13, and their annual dividend per share is $1.38. MBWM's dividend payout ratio is 21.00% ($1.38/$5.13) which is sustainable.