Mercantile Bank Corporation
MBWM | NASDAQ
$59.81
-$0.84 (-1.38%)
At close: Oct 30, 2026, 4:00 PM ET
$59.41
-$0.40 (-0.67%)
After-hours:
Oct 30, 2026, 4:57 PM ET
Dividend Yield
2.61%
Annual Dividend
$1.56
Ex-Dividend Date
Dec 4, 2026
Payout Frequency
Quarterly
Payout Ratio
27.81%
Dividend Growth (YoY)
5.41%
Dividend History & Yield
Payout Ratios
Historical Dividend Payments
| Ex-Dividend Date | Cash Amount | Declaration Date | Record Date | Pay Date |
|---|---|---|---|---|
| Dec 4, 2026 | $0.400 | Oct 15, 2026 | Dec 4, 2026 | Dec 16, 2026 |
| Sep 4, 2026 | $0.400 | Jul 16, 2026 | Sep 4, 2026 | Sep 16, 2026 |
| Jun 5, 2026 | $0.390 | Apr 16, 2026 | Jun 5, 2026 | Jun 17, 2026 |
| Mar 6, 2026 | $0.390 | Jan 15, 2026 | Mar 6, 2026 | Mar 18, 2026 |
| Dec 5, 2025 | $0.380 | Oct 16, 2025 | Dec 5, 2025 | Dec 17, 2025 |
| Sep 5, 2025 | $0.380 | Jul 17, 2025 | Sep 5, 2025 | Sep 17, 2025 |
| Jun 6, 2025 | $0.370 | Apr 17, 2025 | Jun 6, 2025 | Jun 18, 2025 |
| Mar 7, 2025 | $0.370 | Jan 16, 2025 | Mar 7, 2025 | Mar 19, 2025 |
| Dec 6, 2024 | $0.360 | Oct 10, 2024 | Dec 6, 2024 | Dec 18, 2024 |
| Sep 6, 2024 | $0.360 | Jul 11, 2024 | Sep 6, 2024 | Sep 18, 2024 |
| Jun 7, 2024 | $0.350 | Apr 11, 2024 | Jun 7, 2024 | Jun 19, 2024 |
| Feb 29, 2024 | $0.350 | Jan 11, 2024 | Mar 1, 2024 | Mar 13, 2024 |
| Nov 30, 2023 | $0.340 | Oct 12, 2023 | Dec 1, 2023 | Dec 13, 2023 |
| Aug 31, 2023 | $0.340 | Jul 13, 2023 | Sep 1, 2023 | Sep 13, 2023 |
| Jun 1, 2023 | $0.330 | Apr 13, 2023 | Jun 2, 2023 | Jun 14, 2023 |
| Mar 2, 2023 | $0.330 | Jan 12, 2023 | Mar 3, 2023 | Mar 15, 2023 |
| Dec 1, 2022 | $0.320 | Oct 13, 2022 | Dec 2, 2022 | Dec 14, 2022 |
| Sep 1, 2022 | $0.320 | Jul 14, 2022 | Sep 2, 2022 | Sep 14, 2022 |
| Jun 2, 2022 | $0.310 | Apr 14, 2022 | Jun 3, 2022 | Jun 15, 2022 |
| Mar 3, 2022 | $0.310 | Jan 18, 2022 | Mar 4, 2022 | Mar 16, 2022 |
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