Mercantile Bank Corporation (MBWM) Dividend History
MBWM latest dividend
$0.40last dividend per share
Ex-dividend dateSep 4Friday, 2026
Payment dateSep 16Wednesday, 2026
The next dividend has not been announced yet.
- 6 yearsof dividend increases
- 1997paying since
- Quarterly4 payments a year
- +6.0%5-year growth a year
- 2.66%forward yield
MBWM dividend income calculator
- Dividend income a year
- $156
- Each payment
- $39
- Value of the shares
- $5,861
- Dividend yield
- 2.66%
At the latest close; forward annual dividend $1.56 per share, before tax.
MBWM dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
MBWM dividend safety
Payout ratio (earnings)26.7%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)213.7%
Above free cash flow · of fiscal 2025 free cash flow
Dividend growth (5 years)+6.0%
Growing · a year on average
Years of increases6
Established · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
MBWM yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $43.60 | 3.58% | $1.56 | 3.6% |
| 3 years ago | $32.37 | 4.82% | $4.44 | 13.7% |
| 5 years ago | $33.67 | 4.63% | $7.00 | 20.8% |
| 10 years ago | $27.19 | 5.74% | $13.15 | 48.4% |
| 20 years ago | $36.97 | 4.22% | $21.05 | 56.9% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
MBWM dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
MBWM dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $1.50 | +5.6% | 3.12% | 4 |
| 2024 | $1.42 | +6.0% | 3.19% | 4 |
| 2023 | $1.34 | +6.3% | 3.32% | 4 |
| 2022 | $1.26 | +6.8% | 3.76% | 4 |
| 2021 | $1.18 | +5.4% | 3.37% | 4 |
| 2020 | $1.12 | +5.7% | 4.12% | 4 |
| 2019 | $1.06 | −36.9% | 2.91% | 4 |
| 2018 | $1.68 | +127.0% | 5.94% | 4 |
| 2017 | $0.74 | −36.2% | 2.09% | 4 |
| 2016 | $1.16 | +100.0% | 3.08% | 4 |
| 2015 | $0.58 | −77.2% | 2.36% | 4 |
| 2014 | $2.54 | +268.1% | 12.08% | 6 |
| 2013 | $0.69 | — | 3.20% | 8 |
| 2012 | $0.36 | — | 2.16% | 6 |
| 2011 | $0.04 | −55.6% | 0.41% | 4 |
| 2010 | $0.09 | −78.3% | 1.10% | 5 |
| 2009 | $0.42 | −61.8% | 13.49% | 8 |
| 2008 | $1.09 | −17.2% | 25.30% | 8 |
| 2007 | $1.31 | +12.6% | 8.47% | 8 |
| 2006 | $1.17 | — | 3.25% | 8 |
MBWM dividend history
154 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-04 | 2026-09-16 | $0.4 | +2.6% | Quarterly |
| 2026-06-05 | 2026-06-17 | $0.39 | — | Quarterly |
| 2026-03-06 | 2026-03-18 | $0.39 | +2.6% | Quarterly |
| 2025-12-05 | 2025-12-17 | $0.38 | — | Quarterly |
| 2025-09-05 | 2025-09-17 | $0.38 | +2.7% | Quarterly |
| 2025-06-06 | 2025-06-18 | $0.37 | — | Quarterly |
| 2025-03-07 | 2025-03-19 | $0.37 | +2.8% | Quarterly |
| 2024-12-06 | 2024-12-18 | $0.36 | — | Quarterly |
| 2024-09-06 | 2024-09-18 | $0.36 | +2.9% | Quarterly |
| 2024-06-07 | 2024-06-19 | $0.35 | — | Quarterly |
| 2024-02-29 | 2024-03-13 | $0.35 | +2.9% | Quarterly |
| 2023-11-30 | 2023-12-13 | $0.34 | — | Quarterly |
| 2023-08-31 | 2023-09-13 | $0.34 | +3.0% | Quarterly |
| 2023-06-01 | 2023-06-14 | $0.33 | — | Quarterly |
| 2023-03-02 | 2023-03-15 | $0.33 | +3.1% | Quarterly |
| 2022-12-01 | 2022-12-14 | $0.32 | — | Quarterly |
Show all 154 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-01 | 2022-09-14 | $0.32 | +3.2% | Quarterly |
| 2022-06-02 | 2022-06-15 | $0.31 | — | Quarterly |
| 2022-03-03 | 2022-03-16 | $0.31 | +3.3% | Quarterly |
| 2021-12-02 | 2021-12-15 | $0.3 | — | Quarterly |
| 2021-09-02 | 2021-09-15 | $0.3 | +3.4% | Quarterly |
| 2021-06-03 | 2021-06-16 | $0.29 | — | Quarterly |
| 2021-03-04 | 2021-03-17 | $0.29 | +3.6% | Quarterly |
| 2020-12-03 | 2020-12-16 | $0.28 | — | Quarterly |
| 2020-09-03 | 2020-09-16 | $0.28 | — | Quarterly |
| 2020-06-04 | 2020-06-17 | $0.28 | — | Quarterly |
| 2020-03-05 | 2020-03-18 | $0.28 | +3.7% | Quarterly |
| 2019-12-05 | 2019-12-18 | $0.27 | — | Quarterly |
| 2019-09-05 | 2019-09-18 | $0.27 | +3.8% | Quarterly |
| 2019-06-06 | 2019-06-19 | $0.26 | — | Quarterly |
| 2019-03-07 | 2019-03-20 | $0.26 | −74.0% | Quarterly |
| 2018-12-06 | 2018-12-19 | $1.00 | +316.7% | Quarterly |
| 2018-09-06 | 2018-09-19 | $0.24 | +9.1% | Quarterly |
| 2018-06-07 | 2018-06-20 | $0.22 | — | Quarterly |
| 2018-03-08 | 2018-03-21 | $0.22 | +15.8% | Quarterly |
| 2017-12-07 | 2017-12-20 | $0.19 | — | Quarterly |
| 2017-09-07 | 2017-09-20 | $0.19 | +5.6% | Quarterly |
| 2017-06-07 | 2017-06-21 | $0.18 | — | Quarterly |
| 2017-03-08 | 2017-03-22 | $0.18 | −73.1% | Quarterly |
| 2016-12-07 | 2016-12-21 | $0.67 | +294.1% | Quarterly |
| 2016-09-07 | 2016-09-21 | $0.17 | +6.2% | Quarterly |
| 2016-06-08 | 2016-06-23 | $0.16 | — | Quarterly |
| 2016-03-09 | 2016-03-23 | $0.16 | +6.7% | Quarterly |
| 2015-12-09 | 2015-12-23 | $0.15 | — | Quarterly |
| 2015-09-09 | 2015-09-23 | $0.15 | +7.1% | Quarterly |
| 2015-06-10 | 2015-06-24 | $0.14 | — | Quarterly |
| 2015-03-11 | 2015-03-25 | $0.14 | +16.7% | Quarterly |
| 2014-12-10 | 2014-12-24 | $0.12 | — | Quarterly |
| 2014-09-10 | 2014-09-24 | $0.12 | — | Quarterly |
| 2014-06-11 | 2014-06-25 | $0.12 | −94.0% | Quarterly |
| 2014-05-20 | 2014-05-29 | $2.00 | +3,233.3% | |
| 2014-03-07 | 2014-03-27 | $0.06 | −50.0% | Quarterly |
| 2014-02-06 | 2014-03-10 | $0.12 | +100.0% | Quarterly |
| 2013-12-11 | 2013-12-26 | $0.06 | −50.0% | Quarterly |
| 2013-11-06 | 2013-12-10 | $0.12 | +100.0% | Quarterly |
| 2013-09-06 | 2013-09-26 | $0.06 | −50.0% | Quarterly |
| 2013-08-07 | 2013-09-10 | $0.12 | +100.0% | Quarterly |
| 2013-06-07 | 2013-06-27 | $0.06 | −45.5% | Quarterly |
| 2013-05-08 | 2013-06-10 | $0.11 | +83.3% | Quarterly |
| 2013-03-08 | 2013-03-28 | $0.06 | −40.0% | Quarterly |
| 2013-02-06 | 2013-03-08 | $0.1 | −43.2% | Quarterly |
| 2012-12-18 | 2012-12-31 | $0.176 | +1,660.0% | |
| 2012-11-20 | 2012-12-13 | $0.01 | −88.9% | Quarterly |
| 2012-11-07 | 2012-12-10 | $0.09 | +800.0% | Quarterly |
| 2012-08-22 | 2012-09-13 | $0.01 | — | Quarterly |
| 2012-05-23 | 2012-06-14 | $0.01 | −83.3% | Quarterly |
| 2012-02-22 | 2012-03-15 | $0.06 | +500.0% | Quarterly |
| 2011-11-22 | 2011-12-15 | $0.01 | — | Quarterly |
| 2011-08-24 | 2011-09-15 | $0.01 | — | Quarterly |
| 2011-05-25 | 2011-06-16 | $0.01 | — | Quarterly |
| 2011-02-23 | 2011-03-17 | $0.01 | — | Quarterly |
| 2010-11-23 | 2010-12-16 | $0.01 | — | Quarterly |
| 2010-08-25 | 2010-09-16 | $0.01 | — | Quarterly |
| 2010-05-26 | 2010-06-17 | $0.01 | −80.0% | Quarterly |
| 2010-02-17 | 2010-03-11 | $0.05 | +400.0% | Quarterly |
| 2010-02-08 | 2010-03-10 | $0.01 | −88.4% | Quarterly |
| 2009-11-24 | 2009-12-17 | $0.0864 | +764.0% | Quarterly |
| 2009-11-06 | 2009-12-10 | $0.01 | −88.4% | Quarterly |
| 2009-08-26 | 2009-09-17 | $0.0864 | +764.0% | Quarterly |
| 2009-08-06 | 2009-09-10 | $0.01 | −88.4% | Quarterly |
| 2009-05-20 | 2009-06-11 | $0.0864 | +764.0% | Quarterly |
| 2009-05-06 | 2009-06-10 | $0.01 | −88.4% | Quarterly |
| 2009-03-04 | 2009-03-19 | $0.0864 | +116.0% | Quarterly |
| 2009-02-06 | 2009-03-10 | $0.04 | −79.4% | Quarterly |
| 2008-11-19 | 2008-12-11 | $0.1945 | +386.2% | Quarterly |
| 2008-11-06 | 2008-12-10 | $0.04 | −79.4% | Quarterly |
| 2008-08-20 | 2008-09-11 | $0.1945 | +386.2% | Quarterly |
| 2008-08-06 | 2008-09-10 | $0.04 | −79.4% | Quarterly |
| 2008-05-21 | 2008-06-12 | $0.1945 | +143.1% | Quarterly |
| 2008-05-07 | 2008-06-10 | $0.08 | −58.9% | Quarterly |
| 2008-02-20 | 2008-03-13 | $0.1945 | +29.7% | Quarterly |
| 2008-02-06 | 2008-03-10 | $0.15 | −22.9% | Quarterly |
| 2007-11-20 | 2007-12-06 | $0.1945 | +38.9% | Quarterly |
| 2007-11-07 | 2007-12-10 | $0.14 | −28.0% | Quarterly |
| 2007-08-22 | 2007-09-13 | $0.1945 | +38.9% | Quarterly |
| 2007-08-08 | 2007-09-10 | $0.14 | −28.0% | Quarterly |
| 2007-05-23 | 2007-06-14 | $0.1945 | +38.9% | Quarterly |
| 2007-05-08 | 2007-06-08 | $0.14 | −20.6% | Quarterly |
| 2007-02-21 | 2007-03-15 | $0.1764 | +32.3% | Quarterly |
| 2007-02-07 | 2007-03-09 | $0.1333 | −24.4% | Quarterly |
| 2006-11-20 | 2006-12-07 | $0.1764 | +42.5% | Quarterly |
| 2006-11-08 | 2006-12-08 | $0.1238 | −29.8% | Quarterly |
| 2006-08-23 | 2006-09-14 | $0.1764 | +42.5% | Quarterly |
| 2006-08-08 | 2006-09-08 | $0.1238 | −29.8% | Quarterly |
| 2006-05-24 | 2006-06-15 | $0.1764 | +42.5% | Quarterly |
| 2006-05-15 | 2006-06-09 | $0.1238 | −20.9% | Quarterly |
| 2006-02-22 | 2006-03-16 | $0.1565 | +43.8% | Quarterly |
| 2006-02-08 | 2006-03-10 | $0.1088 | −30.5% | Quarterly |
| 2005-11-21 | 2005-12-08 | $0.1565 | +56.9% | Quarterly |
| 2005-11-08 | 2005-12-09 | $0.0998 | −36.2% | Quarterly |
| 2005-08-24 | 2005-09-15 | $0.1565 | +56.9% | Quarterly |
| 2005-08-08 | 2005-09-09 | $0.0998 | −29.7% | Quarterly |
| 2005-05-25 | 2005-06-16 | $0.1419 | +49.3% | Quarterly |
| 2005-05-06 | 2005-06-10 | $0.095 | −29.9% | Quarterly |
| 2005-02-23 | 2005-03-17 | $0.1355 | +56.9% | Quarterly |
| 2005-02-08 | 2005-03-10 | $0.0864 | −33.0% | Quarterly |
| 2004-11-22 | 2004-12-09 | $0.129 | +65.9% | Quarterly |
| 2004-11-08 | 2004-12-10 | $0.0777 | −39.7% | Quarterly |
| 2004-08-25 | 2004-09-16 | $0.129 | +65.9% | Quarterly |
| 2004-08-06 | 2004-09-10 | $0.0777 | −39.7% | Quarterly |
| 2004-05-26 | 2004-06-17 | $0.129 | +65.9% | Quarterly |
| 2004-05-06 | 2004-06-10 | $0.0777 | −33.5% | Quarterly |
| 2004-02-25 | 2004-03-12 | $0.117 | +58.0% | Quarterly |
| 2004-02-06 | 2004-03-10 | $0.074 | −36.7% | Quarterly |
| 2003-11-24 | 2003-12-11 | $0.117 | +77.8% | Quarterly |
| 2003-11-06 | 2003-12-10 | $0.0658 | −43.7% | Quarterly |
| 2003-08-27 | 2003-09-12 | $0.117 | +77.8% | Quarterly |
| 2003-08-07 | 2003-09-10 | $0.0658 | −43.7% | Quarterly |
| 2003-05-28 | 2003-06-13 | $0.117 | +77.8% | Quarterly |
| 2003-05-08 | 2003-06-10 | $0.0658 | −40.8% | Quarterly |
| 2003-02-26 | 2003-03-14 | $0.1112 | +68.9% | Quarterly |
| 2003-02-06 | 2003-03-10 | $0.0658 | −4.7% | |
| 2003-01-15 | — | $0.0691 | −31.4% | |
| 2002-11-25 | 2002-12-12 | $0.1008 | — | Quarterly |
| 2002-08-28 | 2002-09-13 | $0.1008 | — | Quarterly |
| 2002-05-30 | 2002-06-14 | $0.1008 | +5.5% | Quarterly |
| 2002-02-27 | 2002-03-15 | $0.0955 | +10.3% | Quarterly |
| 2001-11-29 | 2001-12-13 | $0.0866 | — | Quarterly |
| 2001-08-29 | 2001-09-14 | $0.0866 | — | Quarterly |
| 2001-05-30 | 2001-06-15 | $0.0866 | +5.9% | Quarterly |
| 2001-02-27 | 2001-03-15 | $0.0818 | +10.2% | Quarterly |
| 2000-11-29 | 2000-12-12 | $0.0742 | — | Quarterly |
| 2000-08-30 | 2000-09-15 | $0.0742 | — | Quarterly |
| 2000-05-30 | 2000-06-15 | $0.0742 | — | Quarterly |
| 2000-02-28 | 2000-03-15 | $0.0742 | −3.6% | Quarterly |
| 1999-11-29 | 1999-12-15 | $0.077 | — | Quarterly |
| 1999-08-30 | 1999-09-15 | $0.077 | — | Quarterly |
| 1999-05-27 | 1999-06-15 | $0.077 | — | Quarterly |
| 1999-02-25 | 1999-03-15 | $0.077 | +15.9% | Quarterly |
| 1998-11-27 | 1998-12-15 | $0.0664 | — | Quarterly |
| 1998-09-02 | 1998-09-15 | $0.0664 | — | Quarterly |
| 1998-06-02 | 1998-06-15 | $0.0664 | — | Quarterly |
| 1998-03-02 | 1998-03-16 | $0.0664 | +17.1% | Quarterly |
| 1997-11-26 | 1997-12-12 | $0.0567 | — | Quarterly |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
MBWM stock split history
- 21:20April 19, 2007
- 21:20April 20, 2006
- 21:20July 14, 2005
- 21:20April 14, 2004
- 21:20January 15, 2003
- 21:20January 16, 2002
- 21:20January 17, 2001
MBWM dividend overview
Mercantile Bank pays an annual dividend of $1.56 per share, a yield of 2.66% at the latest close, paid quarterly. It paid $1.50 per share in 2025, up 5.6% from 2024. It has raised its dividend for 6 consecutive years. Over five years the dividend grew 6.0% a year on average and over ten years 10.0% a year. The payout ratio is 26.7% of trailing earnings.
Related: MBWM cash flow statement, MBWM key metrics, MBWM chart. See the MBWM stock overview for the latest quote and news.
MBWM dividends FAQ
Does Mercantile Bank pay a dividend?
Yes. Mercantile Bank has paid a regular dividend since 1997, quarterly, most recently $0.40 per share with an ex-dividend date of September 4, 2026.
What is Mercantile Bank's dividend yield?
Mercantile Bank's forward annual dividend is $1.56 per share, a dividend yield of 2.66% at the latest close of $58.61.
How often does Mercantile Bank pay dividends?
Mercantile Bank pays dividends quarterly.
How fast is Mercantile Bank's dividend growing?
Mercantile Bank's dividend per share grew from $1.12 in 2020 to $1.50 in 2025, 6.0% a year on average over five years; it has increased for 6 years in a row.
What is Mercantile Bank's dividend payout ratio?
Mercantile Bank pays out 26.7% of its trailing earnings as dividends and 213.7% of its free cash flow (fiscal 2025).
Has Mercantile Bank split its stock?
Mercantile Bank has split its stock 7 times: 21:20 on April 19, 2007, 21:20 on April 20, 2006, 21:20 on July 14, 2005, 21:20 on April 14, 2004, 21:20 on January 15, 2003, 21:20 on January 16, 2002, 21:20 on January 17, 2001. Dividends per share on this page are adjusted for splits.