Mercantile Bank (MBWM) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $1.56
- Forward yield
- 2.67%
- Payout ratio
- 27.5%
- Growth streak
- 5 years
Mercantile Bank pays a quarterly dividend of $0.40 per share. Its most recent payment had an ex-date of September 4, 2026 and was paid on September 16, 2026. Over the trailing twelve months, it paid $1.56 per share, a yield of about 2.65% at a share price of $58.83.
The record shows raises twice a year. Since early 2022, the rate has gone up by one cent with the payment that goes ex-dividend in late February or early March, and again with the one in late August or early September. The latest raise, from $0.39 to $0.40, came with the September 2026 payment. Each step was one cent, or roughly 2.6% to 3.3%. Since late 2021, the quarterly rate has grown from $0.30 to $0.40, about 33%. Payments by calendar year rose from $1.26 in 2022 to $1.50 in 2025, about 19%. The company has now increased its dividend for five consecutive calendar years.
If the pattern holds, the next payment would go ex-dividend in early December 2026 and be paid in mid-December. Past raises have come with the March and September payments, not the December one.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Jul 16, 2026 | Sep 4, 2026 | Sep 16, 2026 | $0.40 |
| Apr 16, 2026 | Jun 5, 2026 | Jun 17, 2026 | $0.39 |
| Jan 15, 2026 | Mar 6, 2026 | Mar 18, 2026 | $0.39 |
| Oct 16, 2025 | Dec 5, 2025 | Dec 17, 2025 | $0.38 |
| Jul 17, 2025 | Sep 5, 2025 | Sep 17, 2025 | $0.38 |
| Apr 22, 2025 | Jun 6, 2025 | Jun 18, 2025 | $0.37 |
| Jan 21, 2025 | Mar 7, 2025 | Mar 19, 2025 | $0.37 |
| Oct 15, 2024 | Dec 6, 2024 | Dec 18, 2024 | $0.36 |
| Jul 16, 2024 | Sep 6, 2024 | Sep 18, 2024 | $0.36 |
| Apr 16, 2024 | Jun 7, 2024 | Jun 19, 2024 | $0.35 |
| Jan 16, 2024 | Feb 29, 2024 | Mar 13, 2024 | $0.35 |
| Oct 17, 2023 | Nov 30, 2023 | Dec 13, 2023 | $0.34 |
| Jul 18, 2023 | Aug 31, 2023 | Sep 13, 2023 | $0.34 |
| Apr 18, 2023 | Jun 1, 2023 | Jun 14, 2023 | $0.33 |
| Jan 17, 2023 | Mar 2, 2023 | Mar 15, 2023 | $0.33 |
| Oct 18, 2022 | Dec 1, 2022 | Dec 14, 2022 | $0.32 |
| Jul 19, 2022 | Sep 1, 2022 | Sep 14, 2022 | $0.32 |
| Apr 19, 2022 | Jun 2, 2022 | Jun 15, 2022 | $0.31 |
| Jan 18, 2022 | Mar 3, 2022 | Mar 16, 2022 | $0.31 |
| Oct 19, 2021 | Dec 2, 2021 | Dec 15, 2021 | $0.30 |
Frequently asked questions
Does Mercantile Bank (MBWM) pay a dividend?
Yes. Mercantile Bank pays a quarterly dividend; the most recent payment was $0.40 per share.
What is MBWM's dividend yield?
Mercantile Bank paid $1.56 per share over the trailing twelve months, a yield of 2.67% at the last price of $58.32. Click here to learn more
When is MBWM's most recent ex-dividend date?
Mercantile Bank's most recent ex-dividend date is Sep 4, 2026, payable on Sep 16, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has MBWM been raising its dividend?
Yes — Mercantile Bank has increased its dividend for 5 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.