Mercantile Bank Corporation (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 09/24/2020


Dividend Yield Summary

  2015 2016 2017 2018 2019 2020
Dividends 0.58 1.16 0.74 0.93 1.06 0.84
Average Price 20.94 25.57 33.37 34.39 33.32 24.68
Yield 2.77% 4.54% 2.22% 2.70% 3.18% 3.40%
• The above Dividend, Average Price, and Yield values for 2020 are year-to-date.

Dividend Dates

Ex Dividend Date 2020-09-03
Dividend Pay Date

DivInfo Metrics ™

52-Week Projected Earnings Per Share 2.77
52-Week Projected Dividends Per Share 1.10
Dividend Cover 2.52 : 1
52-Week Projected Yield 6.12%
52-Week Trailing Yield 4.04%
6-Year Average Yield 3.08%
6-Year Dividend Change 89.66%
6-Year Yearly Dividend Change 14.94%
Number of Dividend Payments (2003-01-15 - 2020-09-03) 62

Dividend History

Date Amount Per Share Note
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