Mercantile Bank Corp. (MBWM) Dividend History
Mercantile Bank Corporation serves businesses and consumers across Grand Rapids and Kent County with a full range of mortgage, lending, deposit and checking products and services in a friendly, hometown banking environment.
Last update 01/01/2024
Dividend Yield Summary
| |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Dividends |
1.06 |
0.84 |
1.18 |
1.26 |
1.34 |
- |
| Average Price |
33.32 |
24.22 |
31.97 |
34.13 |
31.57 |
- |
| Yield |
3.18% |
3.47% |
3.69% |
3.69% |
4.24% |
- |
• The above Dividend, Average Price, and Yield values for 2024 are year-to-date.
Dividend Dates
| Ex Dividend Date |
2023-11-30 |
| Dividend Pay Date |
|
DivInfo Metrics ™
| 52-Week Projected Earnings Per Share |
5.26 |
| 52-Week Projected Dividends Per Share |
1.30 |
| Dividend Cover |
4.05 : 1 |
| 52-Week Projected Yield |
3.46% |
| 52-Week Trailing Yield |
3.26% |
| 6-Year Average Yield |
3.66% |
| 6-Year Dividend Change |
22.64% |
| 6-Year Yearly Dividend Change |
3.77% |
|
Number of Dividend Payments
(2003-01-15 - 2023-11-30)
|
74 |
Dividend History
| Date |
Amount Per Share |
Note |
| 2023-11-30 |
$0.34 |
|
| 2023-08-31 |
$0.34 |
|
| 2023-06-01 |
$0.33 |
|
| 2023-03-02 |
$0.33 |
|
| 2022-12-01 |
$0.32 |
|
| 2022-09-01 |
$0.32 |
|
| 2022-06-02 |
$0.31 |
|
| 2022-03-03 |
$0.31 |
|
| 2021-12-02 |
$0.30 |
|
| 2021-09-02 |
$0.30 |
|
| 2021-06-03 |
$0.29 |
|
| 2021-03-04 |
$0.29 |
|
| 2020-09-03 |
$0.28 |
|
| 2020-06-04 |
$0.28 |
|
| 2020-03-05 |
$0.28 |
|
| 2019-12-05 |
$0.27 |
|
| 2019-09-05 |
$0.27 |
|
| 2019-06-06 |
$0.26 |
|
| 2019-03-07 |
$0.26 |
|
| 2018-12-06 |
$0.25 |
|
| 2018-09-06 |
$0.24 |
|
| 2018-06-07 |
$0.22 |
|
| 2018-03-08 |
$0.22 |
|
| 2017-12-07 |
$0.19 |
|
| 2017-09-07 |
$0.19 |
|
| 2017-06-07 |
$0.18 |
|
| 2017-03-08 |
$0.18 |
|
| 2016-12-07 |
$0.67 |
|
| 2016-09-07 |
$0.17 |
|
| 2016-06-08 |
$0.16 |
|
| 2016-03-09 |
$0.16 |
|
| 2015-12-09 |
$0.15 |
|
| 2015-09-09 |
$0.15 |
|
| 2015-06-10 |
$0.14 |
|
| 2015-03-11 |
$0.14 |
|
| 2014-12-10 |
$0.12 |
|
| 2014-09-10 |
$0.12 |
|
| 2014-06-11 |
$0.12 |
|
| 2014-05-20 |
$2.00 |
|
| 2014-02-06 |
$0.12 |
|
| 2013-11-06 |
$0.12 |
|
| 2013-08-07 |
$0.12 |
|
| 2013-05-08 |
$0.11 |
|
| 2013-02-06 |
$0.10 |
|
| 2012-11-07 |
$0.09 |
|
| 2010-03-10 |
$0.01 |
|
| 2009-12-10 |
$0.01 |
|
| 2009-09-10 |
$0.01 |
|
| 2009-03-10 |
$0.04 |
|
| 2008-12-10 |
$0.04 |
|
| 2008-09-10 |
$0.04 |
|
| 2008-06-10 |
$0.08 |
|
| 2008-02-06 |
$0.15 |
|
| 2007-11-07 |
$0.14 |
|
| 2007-08-08 |
$0.14 |
|
| 2007-05-08 |
$0.14 |
|
| 2007-02-07 |
$0.13 |
|
| 2006-11-08 |
$0.12 |
|
| 2006-08-08 |
$0.12 |
|
| 2006-05-15 |
$0.12 |
|
| 2006-02-08 |
$0.11 |
|
| 2005-11-08 |
$0.10 |
|
| 2005-08-08 |
$0.10 |
|
| 2005-05-06 |
$0.10 |
|
| 2005-02-08 |
$0.09 |
|
| 2004-11-08 |
$0.08 |
|
| 2004-08-06 |
$0.08 |
|
| 2004-05-06 |
$0.08 |
|
| 2004-02-06 |
$0.08 |
|
| 2003-11-06 |
$0.07 |
|
| 2003-08-07 |
$0.07 |
|
| 2003-05-08 |
$0.07 |
|
| 2003-02-06 |
$0.07 |
|
| 2003-01-15 |
$0.07 |
|
