Mercantile Bank (MBWM)
Runs Michigan-focused community banks with commercial lending, deposits, mortgages, and treasury services.
$58.90
vs last close−0.22 (−0.37%)
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Dividend yield
2.64%
Next ex-date
Dec 4, 26
estimated · in 72 days
Annual dividend
$1.56
per share
Schedule
Quarterly
4 payments a year
Per share, Dec 2024 to Sep 2026DividendAnnual yield
Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.36$0.37$0.37$0.38$0.38$0.39$0.39$0.40
Annual yield2.81%3.16%3.28%3.04%3.22%3.02%2.92%2.51%
Ex-dateDec 6Mar 7Jun 6Sep 5Dec 5Mar 6Jun 5Sep 4
Payment dateDec 18Mar 19Jun 18Sep 17Dec 17Mar 18Jun 17Sep 16
20 payments since Dec 2021
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Sep 4, 2026 | Sep 4, 2026 | Sep 16, 2026 | $0.40 | raised from $0.39 |
| Jun 5, 2026 | Jun 5, 2026 | Jun 17, 2026 | $0.39 | |
| Mar 6, 2026 | Mar 6, 2026 | Mar 18, 2026 | $0.39 | raised from $0.38 |
| Dec 5, 2025 | Dec 5, 2025 | Dec 17, 2025 | $0.38 | |
| Sep 5, 2025 | Sep 5, 2025 | Sep 17, 2025 | $0.38 | raised from $0.37 |
| Jun 6, 2025 | Jun 6, 2025 | Jun 18, 2025 | $0.37 | |
| Mar 7, 2025 | Mar 7, 2025 | Mar 19, 2025 | $0.37 | raised from $0.36 |
| Dec 6, 2024 | Dec 6, 2024 | Dec 18, 2024 | $0.36 | |
| Sep 6, 2024 | Sep 6, 2024 | Sep 18, 2024 | $0.36 | raised from $0.35 |
| Jun 7, 2024 | Jun 7, 2024 | Jun 19, 2024 | $0.35 | |
| Feb 29, 2024 | Mar 1, 2024 | Mar 13, 2024 | $0.35 | raised from $0.34 |
| Nov 30, 2023 | Dec 1, 2023 | Dec 13, 2023 | $0.34 | |
| Aug 31, 2023 | Sep 1, 2023 | Sep 13, 2023 | $0.34 | raised from $0.33 |
| Jun 1, 2023 | Jun 2, 2023 | Jun 14, 2023 | $0.33 | |
| Mar 2, 2023 | Mar 3, 2023 | Mar 15, 2023 | $0.33 | raised from $0.32 |
| Dec 1, 2022 | Dec 2, 2022 | Dec 14, 2022 | $0.32 | |
| Sep 1, 2022 | Sep 2, 2022 | Sep 14, 2022 | $0.32 | raised from $0.31 |
| Jun 2, 2022 | Jun 3, 2022 | Jun 15, 2022 | $0.31 | |
| Mar 3, 2022 | Mar 4, 2022 | Mar 16, 2022 | $0.31 | raised from $0.30 |
| Dec 2, 2021 | Dec 3, 2021 | Dec 15, 2021 | $0.30 |