Dividends Inside 
Mercantile Bank Corporation
MBWM
$59.61 (- $0.19 - 0.32%)
Last updated: 2026-08-23 01:56 UTC
Dividend Yield
2.62%
Dividend Growth
1Y +5.48%
3Y +6.17%
5Y +2.77%
10Y +9.72%
Next Dividend
$0.4000
Sep 16, 2026
Payout Frequency
Quarterly
Payout Ratio
27%
TTM Dividends
$1.5400
Dividend Charts
Paid Dividends
Dividend Yield (%)
Retro Yield on Cost (%)
Recent Dividends
| Pay Date | Ex-Div Date | Amount | Announcement | Type | Yield (%) | Change |
|---|---|---|---|---|---|---|
| 2026-09-16 | 2026-09-04 | $0.4000 | N/A | Announced | 2.68% | +0.0100 (2.56%) |
| 2026-06-17 | 2026-06-05 | $0.3900 | N/A | Paid | 2.93% | No Change |
| 2026-03-18 | 2026-03-06 | $0.3900 | N/A | Paid | 3.14% | +0.0100 (2.63%) |
| 2025-12-17 | 2025-12-05 | $0.3800 | N/A | Paid | 3.09% | No Change |
| 2025-09-17 | 2025-09-05 | $0.3800 | N/A | Paid | 3.25% | +0.0100 (2.70%) |
| 2025-06-18 | 2025-06-06 | $0.3700 | N/A | Paid | 3.40% | No Change |
| 2025-03-19 | 2025-03-07 | $0.3700 | N/A | Paid | 3.28% | +0.0100 (2.78%) |
| 2024-12-18 | 2024-12-06 | $0.3600 | N/A | Paid | 3.19% | No Change |
| 2024-09-18 | 2024-09-06 | $0.3600 | N/A | Paid | 3.18% | +0.0100 (2.86%) |
| 2024-06-19 | 2024-06-07 | $0.3500 | N/A | Paid | 3.80% | No Change |
| 2024-03-13 | 2024-02-29 | $0.3500 | N/A | Paid | 3.84% | +0.0100 (2.94%) |
| 2023-12-13 | 2023-11-30 | $0.3400 | N/A | Paid | 3.41% | No Change |
| 2023-09-13 | 2023-08-31 | $0.3400 | N/A | Paid | 4.22% | +0.0100 (3.03%) |
| 2023-06-14 | 2023-06-01 | $0.3300 | N/A | Paid | 4.49% | No Change |
| 2023-03-15 | 2023-03-02 | $0.3300 | N/A | Paid | 4.20% | +0.0100 (3.12%) |
| 2022-12-14 | 2022-12-01 | $0.3200 | N/A | Paid | 3.87% | No Change |
| 2022-09-14 | 2022-09-01 | $0.3200 | N/A | Paid | 4.03% | +0.0100 (3.23%) |
| 2022-06-15 | 2022-06-02 | $0.3100 | N/A | Paid | 3.92% | No Change |
| 2022-03-16 | 2022-03-03 | $0.3100 | N/A | Paid | 3.26% | +0.0100 (3.33%) |
| 2021-12-15 | 2021-12-02 | $0.3000 | N/A | Paid | 3.48% | +0.0100 (3.45%) |
| 2021-06-03 | 2021-06-03 | $0.2900 | N/A | Paid | 3.57% | No Change |
| 2021-03-04 | 2021-03-04 | $0.2900 | N/A | Paid | 3.80% | +0.0100 (3.57%) |
| 2020-12-03 | 2020-12-03 | $0.2800 | N/A | Paid | 4.46% | No Change |
| 2020-09-03 | 2020-09-03 | $0.2800 | N/A | Paid | 5.22% | No Change |
| 2020-06-04 | 2020-06-04 | $0.2800 | N/A | Paid | 4.75% | No Change |
| 2020-03-05 | 2020-03-05 | $0.2800 | N/A | Paid | 4.03% | +0.0100 (3.70%) |
| 2019-12-05 | 2019-12-05 | $0.2700 | N/A | Paid | 3.08% | No Change |
| 2019-09-05 | 2019-09-05 | $0.2700 | N/A | Paid | 3.48% | +0.0100 (3.85%) |
| 2019-06-06 | 2019-06-06 | $0.2600 | N/A | Paid | 3.32% | No Change |
| 2019-03-07 | 2019-03-07 | $0.2600 | N/A | Paid | 3.15% | -0.7400 (-74.00%) |
| 2018-12-06 | 2018-12-06 | $1.0000 | N/A | Paid | 13.99% | +0.7600 (316.67%) |
| 2018-09-06 | 2018-09-06 | $0.2400 | N/A | Paid | 2.79% | +0.0200 (9.09%) |
| 2018-06-07 | 2018-06-07 | $0.2200 | N/A | Paid | 2.36% | No Change |
| 2018-03-08 | 2018-03-08 | $0.2200 | N/A | Paid | 2.49% | +0.0300 (15.79%) |
| 2017-12-07 | 2017-12-07 | $0.1900 | N/A | Paid | 2.12% | No Change |
| 2017-09-07 | 2017-09-07 | $0.1900 | N/A | Paid | 2.61% | +0.0100 (5.56%) |
| 2017-06-07 | 2017-06-07 | $0.1800 | N/A | Paid | 2.31% | No Change |
| 2017-03-08 | 2017-03-08 | $0.1800 | N/A | Paid | 2.17% | -0.4900 (-73.13%) |
| 2016-12-07 | 2016-12-07 | $0.6700 | N/A | Paid | 7.86% | +0.5000 (294.12%) |
| 2016-09-07 | 2016-09-07 | $0.1700 | N/A | Paid | 2.54% | +0.0100 (6.25%) |
| 2016-06-08 | 2016-06-08 | $0.1600 | N/A | Paid | 2.55% | No Change |
| 2016-03-09 | 2016-03-09 | $0.1600 | N/A | Paid | 2.77% | +0.0100 (6.67%) |
| 2015-12-09 | 2015-12-09 | $0.1500 | N/A | Paid | 2.43% | No Change |
| 2015-09-09 | 2015-09-09 | $0.1500 | N/A | Paid | 3.04% | +0.0100 (7.14%) |
| 2015-06-10 | 2015-06-10 | $0.1400 | N/A | Paid | 2.74% | No Change |
| 2015-03-11 | 2015-03-11 | $0.1400 | N/A | Paid | 2.95% | +0.0200 (16.67%) |
| 2014-12-10 | 2014-12-10 | $0.1200 | N/A | Paid | 2.45% | No Change |
| 2014-09-10 | 2014-09-10 | $0.1200 | N/A | Paid | 2.52% | No Change |
| 2014-06-11 | 2014-06-11 | $0.1200 | N/A | Paid | 2.41% | -1.8800 (-94.00%) |
| 2014-05-20 | 2014-05-20 | $2.0000 | N/A | Paid | 37.79% | +1.8800 (1,566.67%) |
| 2014-02-06 | 2014-02-06 | $0.1200 | N/A | Paid | 2.47% | No Change |
| 2013-11-06 | 2013-11-06 | $0.1200 | N/A | Paid | 2.19% | No Change |
| 2013-08-07 | 2013-08-07 | $0.1200 | N/A | Paid | 2.49% | +0.0100 (9.09%) |
| 2013-05-08 | 2013-05-08 | $0.1100 | N/A | Paid | 2.59% | +0.0100 (10.00%) |
| 2013-02-06 | 2013-02-06 | $0.1000 | N/A | Paid | 2.42% | +0.0100 (11.11%) |
| 2012-11-07 | 2012-11-07 | $0.0900 | N/A | Paid | 2.46% | +0.0800 (800.00%) |
| 2010-02-08 | 2010-02-08 | $0.0100 | N/A | Paid | 1.16% | No Change |
| 2009-11-06 | 2009-11-06 | $0.0100 | N/A | Paid | 1.09% | No Change |
| 2009-08-06 | 2009-08-06 | $0.0100 | N/A | Paid | 1.05% | No Change |
| 2009-05-06 | 2009-05-06 | $0.0100 | N/A | Paid | 1.03% | -0.0300 (-75.00%) |
| 2009-02-06 | 2009-02-06 | $0.0400 | N/A | Paid | 3.79% | No Change |
| 2008-11-06 | 2008-11-06 | $0.0400 | N/A | Paid | 2.13% | No Change |
| 2008-08-06 | 2008-08-06 | $0.0400 | N/A | Paid | 1.73% | -0.0400 (-50.00%) |
| 2008-05-07 | 2008-05-07 | $0.0800 | N/A | Paid | 3.17% | -0.0700 (-46.67%) |
| 2008-02-06 | 2008-02-06 | $0.1500 | N/A | Paid | 4.24% | +0.0100 (7.14%) |
| 2007-11-07 | 2007-11-07 | $0.1400 | N/A | Paid | 3.33% | No Change |
| 2007-08-08 | 2007-08-08 | $0.1400 | N/A | Paid | 2.67% | No Change |
| 2007-05-08 | 2007-05-08 | $0.1400 | N/A | Paid | 2.05% | +0.0067 (5.03%) |
| 2007-02-07 | 2007-02-07 | $0.1333 | N/A | Paid | 1.62% | +0.0095 (7.67%) |
| 2006-11-08 | 2006-11-08 | $0.1238 | N/A | Paid | 1.35% | No Change |
| 2006-08-08 | 2006-08-08 | $0.1238 | N/A | Paid | 1.33% | No Change |
| 2006-05-15 | 2006-05-15 | $0.1238 | N/A | Paid | 1.37% | +0.0150 (13.78%) |
| 2006-02-08 | 2006-02-08 | $0.1088 | N/A | Paid | 1.28% | +0.0091 (9.12%) |
| 2005-11-08 | 2005-11-08 | $0.0998 | N/A | Paid | 1.11% | No Change |
| 2005-08-08 | 2005-08-08 | $0.0998 | N/A | Paid | 0.99% | +0.0048 (5.05%) |
| 2005-05-06 | 2005-05-06 | $0.0950 | N/A | Paid | 1.08% | +0.0086 (9.96%) |
| 2005-02-08 | 2005-02-08 | $0.0864 | N/A | Paid | 0.88% | +0.0086 (11.06%) |
| 2004-11-08 | 2004-11-08 | $0.0777 | N/A | Paid | 0.94% | No Change |
| 2004-08-06 | 2004-08-06 | $0.0777 | N/A | Paid | 1.08% | No Change |
| 2004-05-06 | 2004-05-06 | $0.0777 | N/A | Paid | 1.00% | +0.0037 (5.00%) |
| 2004-02-06 | 2004-02-06 | $0.0740 | N/A | Paid | 1.01% | +0.0082 (12.46%) |
| 2003-11-06 | 2003-11-06 | $0.0658 | N/A | Paid | 0.98% | No Change |
| 2003-08-07 | 2003-08-07 | $0.0658 | N/A | Paid | 1.00% | No Change |
| 2003-05-08 | 2003-05-08 | $0.0658 | N/A | Paid | 1.21% | No Change |
| 2003-02-06 | 2003-02-06 | $0.0658 | N/A | Paid | 1.31% | -0.0033 (-4.78%) |
| 2003-01-15 | 2003-01-15 | $0.0691 | N/A | Paid | 1.37% | -0.2309 (-76.97%) |
| N/A | 2021-09-02 | $0.3000 | N/A | Paid | 3.83% | – |