Annual Dividend (TTM)
$1.5000
Quarterly
MBWM
(NASDAQ)Mercantile Bank Corporation
$53.97-- (--)
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Mercantile Bank (MBWM) Dividend History
Complete ex-dividend dates, payment schedules, dividend yields, CAGR growth rates, and payout ratios.
Dividend Yield
2.78%
Last ex-date: Mar 6, 2026
Payout Ratio (TTM)
27.49%
Percentage of earnings paid as dividends
Dividend Growth
5.63%
6 consecutive years
Mercantile Bank (MBWM) Dividend Statistics & Metrics
Comprehensive dividend yields, CAGR growth rates, payout ratios, and payment frequency analysis
Payment Details
Dividend payment schedule and frequency details
FrequencyQuarterly
Last Payment$0.3900
Last Ex-DateMar 6, 2026
Last Payment DateMar 18, 2026
Growth Metrics
Dividend CAGR and consecutive years of growth
Consecutive Years6 years
TTM Growth (YoY)5.63%
3-Year CAGR5.98%
5-Year CAGR6.02%
10-Year CAGR9.97%
Historical Averages
Multi-year dividend averages and payout ratio
Payout Ratio (TTM)27.49%
5-Year Average$1.3400
10-Year Average$1.2460
First PaymentNov 26, 1997
Mercantile Bank (MBWM) Dividend Payment History
Complete ex-dividend dates, record dates, payment dates, amounts, and frequency
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| Ex-Dividend Date | Record Date | Payment Date | Declaration Date | Amount | Frequency |
|---|---|---|---|---|---|
| Mar 6, 2026 | Mar 6, 2026 | Mar 18, 2026 | Jan 15, 2026 | $0.3900 | Quarterly |
| Dec 5, 2025 | Dec 5, 2025 | Dec 17, 2025 | Oct 16, 2025 | $0.3800 | Quarterly |
| Sep 5, 2025 | Sep 5, 2025 | Sep 17, 2025 | Jul 17, 2025 | $0.3800 | Quarterly |
| Jun 6, 2025 | Jun 6, 2025 | Jun 18, 2025 | Apr 17, 2025 | $0.3700 | Quarterly |
| Mar 7, 2025 | Mar 7, 2025 | Mar 19, 2025 | Jan 16, 2025 | $0.3700 | Quarterly |
| Dec 6, 2024 | Dec 6, 2024 | Dec 18, 2024 | Oct 10, 2024 | $0.3600 | Quarterly |
| Sep 6, 2024 | Sep 6, 2024 | Sep 18, 2024 | Jul 11, 2024 | $0.3600 | Quarterly |
| Jun 7, 2024 | Jun 7, 2024 | Jun 19, 2024 | Apr 11, 2024 | $0.3500 | Quarterly |
| Feb 29, 2024 | Mar 1, 2024 | Mar 13, 2024 | Jan 11, 2024 | $0.3500 | Quarterly |
| Nov 30, 2023 | Dec 1, 2023 | Dec 13, 2023 | Oct 12, 2023 | $0.3400 | Quarterly |
| Aug 31, 2023 | Sep 1, 2023 | Sep 13, 2023 | Jul 13, 2023 | $0.3400 | Quarterly |
| Jun 1, 2023 | Jun 2, 2023 | Jun 14, 2023 | Apr 13, 2023 | $0.3300 | Quarterly |
| Mar 2, 2023 | Mar 3, 2023 | Mar 15, 2023 | Jan 12, 2023 | $0.3300 | Quarterly |
| Dec 1, 2022 | Dec 2, 2022 | Dec 14, 2022 | Oct 13, 2022 | $0.3200 | Quarterly |
| Sep 1, 2022 | Sep 2, 2022 | Sep 14, 2022 | Jul 14, 2022 | $0.3200 | Quarterly |
| Jun 2, 2022 | Jun 3, 2022 | Jun 15, 2022 | Apr 14, 2022 | $0.3100 | Quarterly |
| Mar 3, 2022 | Mar 4, 2022 | Mar 16, 2022 | Jan 18, 2022 | $0.3100 | Quarterly |
| Dec 2, 2021 | Dec 3, 2021 | Dec 15, 2021 | Oct 19, 2021 | $0.3000 | Quarterly |
| Sep 2, 2021 | Sep 3, 2021 | Sep 15, 2021 | Jul 20, 2021 | $0.3000 | Quarterly |
| Jun 3, 2021 | Jun 4, 2021 | Jun 16, 2021 | Apr 15, 2021 | $0.2900 | Quarterly |
| Mar 4, 2021 | Mar 5, 2021 | Mar 17, 2021 | Jan 19, 2021 | $0.2900 | Quarterly |
| Dec 3, 2020 | - | Dec 16, 2020 | Oct 15, 2020 | $0.2800 | Quarterly |
| Sep 3, 2020 | - | Sep 16, 2020 | Jul 16, 2020 | $0.2800 | Quarterly |
| Jun 4, 2020 | - | Jun 17, 2020 | Apr 16, 2020 | $0.2800 | Quarterly |
| Mar 5, 2020 | - | Mar 18, 2020 | Jan 16, 2020 | $0.2800 | Quarterly |
| Dec 5, 2019 | - | Dec 18, 2019 | Oct 10, 2019 | $0.2700 | Quarterly |
| Sep 5, 2019 | - | Sep 18, 2019 | Jul 11, 2019 | $0.2700 | Quarterly |
| Jun 6, 2019 | - | Jun 19, 2019 | Apr 11, 2019 | $0.2600 | Quarterly |
| Mar 7, 2019 | - | Mar 20, 2019 | Jan 22, 2019 | $0.2600 | Quarterly |
| Dec 6, 2018 | - | Dec 19, 2018 | Oct 11, 2018 | $1.0000 | Quarterly |
| Sep 6, 2018 | - | Sep 19, 2018 | Jul 12, 2018 | $0.2400 | Quarterly |
| Jun 7, 2018 | - | Jun 20, 2018 | Apr 12, 2018 | $0.2200 | Quarterly |
| Mar 8, 2018 | - | Mar 21, 2018 | Jan 11, 2018 | $0.2200 | Quarterly |
| Dec 7, 2017 | - | Dec 20, 2017 | Oct 17, 2017 | $0.1900 | Quarterly |
| Sep 7, 2017 | - | Sep 20, 2017 | Jul 13, 2017 | $0.1900 | Quarterly |
| Jun 7, 2017 | - | Jun 21, 2017 | Apr 18, 2017 | $0.1800 | Quarterly |
| Mar 8, 2017 | - | Mar 22, 2017 | Jan 17, 2017 | $0.1800 | Quarterly |
| Dec 7, 2016 | - | Dec 21, 2016 | Oct 13, 2016 | $0.6700 | Quarterly |
| Sep 7, 2016 | - | Sep 21, 2016 | Jul 14, 2016 | $0.1700 | Quarterly |
| Jun 8, 2016 | - | Jun 23, 2016 | Apr 19, 2016 | $0.1600 | Quarterly |
| Mar 9, 2016 | - | Mar 23, 2016 | Jan 19, 2016 | $0.1600 | Quarterly |
| Dec 9, 2015 | - | Dec 23, 2015 | Oct 20, 2015 | $0.1500 | Quarterly |
| Sep 9, 2015 | - | Sep 23, 2015 | Jul 21, 2015 | $0.1500 | Quarterly |
| Jun 10, 2015 | - | Jun 24, 2015 | Apr 16, 2015 | $0.1400 | Quarterly |
| Mar 11, 2015 | - | Mar 25, 2015 | Jan 20, 2015 | $0.1400 | Quarterly |
| Dec 10, 2014 | - | Dec 24, 2014 | Oct 16, 2014 | $0.1200 | Quarterly |
| Sep 10, 2014 | - | Sep 24, 2014 | Jul 17, 2014 | $0.1200 | Quarterly |
| Jun 11, 2014 | - | Jun 25, 2014 | May 9, 2014 | $0.1200 | Quarterly |
| May 20, 2014 | - | May 29, 2014 | May 9, 2014 | $2.0000 | - |
| Mar 7, 2014 | - | Mar 27, 2014 | Feb 20, 2014 | $0.0600 | Quarterly |
| Feb 6, 2014 | - | Mar 10, 2014 | Jan 21, 2014 | $0.1200 | Quarterly |
| Dec 11, 2013 | - | Dec 26, 2013 | Dec 3, 2013 | $0.0600 | Quarterly |
| Nov 6, 2013 | - | Dec 10, 2013 | Oct 10, 2013 | $0.1200 | Quarterly |
| Sep 6, 2013 | - | Sep 26, 2013 | Aug 27, 2013 | $0.0600 | Quarterly |
| Aug 7, 2013 | - | Sep 10, 2013 | Jul 11, 2013 | $0.1200 | Quarterly |
| Jun 7, 2013 | - | Jun 27, 2013 | May 23, 2013 | $0.0600 | Quarterly |
| May 8, 2013 | - | Jun 10, 2013 | Apr 11, 2013 | $0.1100 | Quarterly |
| Mar 8, 2013 | - | Mar 28, 2013 | Feb 26, 2013 | $0.0600 | Quarterly |
| Feb 6, 2013 | - | Mar 8, 2013 | Jan 10, 2013 | $0.1000 | Quarterly |
| Dec 18, 2012 | - | Dec 31, 2012 | Dec 11, 2012 | $0.1760 | - |
| Nov 20, 2012 | - | Dec 13, 2012 | Oct 23, 2012 | $0.0100 | Quarterly |
| Nov 7, 2012 | - | Dec 10, 2012 | Oct 16, 2012 | $0.0900 | Quarterly |
| Aug 22, 2012 | - | Sep 13, 2012 | - | $0.0100 | Quarterly |
| May 23, 2012 | - | Jun 14, 2012 | - | $0.0100 | Quarterly |
| Feb 22, 2012 | - | Mar 15, 2012 | - | $0.0600 | Quarterly |
| Nov 22, 2011 | - | Dec 15, 2011 | - | $0.0100 | Quarterly |
| Aug 24, 2011 | - | Sep 15, 2011 | - | $0.0100 | Quarterly |
| May 25, 2011 | - | Jun 16, 2011 | - | $0.0100 | Quarterly |
| Feb 23, 2011 | - | Mar 17, 2011 | - | $0.0100 | Quarterly |
| Nov 23, 2010 | - | Dec 16, 2010 | - | $0.0100 | Quarterly |
| Aug 25, 2010 | - | Sep 16, 2010 | - | $0.0100 | Quarterly |
| May 26, 2010 | - | Jun 17, 2010 | - | $0.0100 | Quarterly |
| Feb 17, 2010 | - | Mar 11, 2010 | - | $0.0500 | Quarterly |
| Feb 8, 2010 | - | Mar 10, 2010 | Jan 19, 2010 | $0.0100 | Quarterly |
| Nov 24, 2009 | - | Dec 17, 2009 | - | $0.0864 | Quarterly |
| Nov 6, 2009 | - | Dec 10, 2009 | Oct 20, 2009 | $0.0100 | Quarterly |
| Aug 26, 2009 | - | Sep 17, 2009 | - | $0.0864 | Quarterly |
| Aug 6, 2009 | - | Sep 10, 2009 | Jul 21, 2009 | $0.0100 | Quarterly |
| May 20, 2009 | - | Jun 11, 2009 | - | $0.0864 | Quarterly |
| May 6, 2009 | - | Jun 10, 2009 | Apr 15, 2009 | $0.0100 | Quarterly |
| Mar 4, 2009 | - | Mar 19, 2009 | - | $0.0864 | Quarterly |
| Feb 6, 2009 | - | Mar 10, 2009 | Jan 14, 2009 | $0.0400 | Quarterly |
| Nov 19, 2008 | - | Dec 11, 2008 | - | $0.1945 | Quarterly |
| Nov 6, 2008 | - | Dec 10, 2008 | Oct 14, 2008 | $0.0400 | Quarterly |
| Aug 20, 2008 | - | Sep 11, 2008 | - | $0.1945 | Quarterly |
| Aug 6, 2008 | - | Sep 10, 2008 | Jul 16, 2008 | $0.0400 | Quarterly |
| May 21, 2008 | - | Jun 12, 2008 | - | $0.1945 | Quarterly |
| May 7, 2008 | - | Jun 10, 2008 | Apr 9, 2008 | $0.0800 | Quarterly |
| Feb 20, 2008 | - | Mar 13, 2008 | - | $0.1945 | Quarterly |
| Feb 6, 2008 | - | Mar 10, 2008 | Jan 9, 2008 | $0.1500 | Quarterly |
| Nov 20, 2007 | - | Dec 6, 2007 | - | $0.1945 | Quarterly |
| Nov 7, 2007 | - | Dec 10, 2007 | Oct 10, 2007 | $0.1400 | Quarterly |
| Aug 22, 2007 | - | Sep 13, 2007 | - | $0.1945 | Quarterly |
| Aug 8, 2007 | - | Sep 10, 2007 | Jul 11, 2007 | $0.1400 | Quarterly |
| May 23, 2007 | - | Jun 14, 2007 | - | $0.1945 | Quarterly |
| May 8, 2007 | - | Jun 8, 2007 | Apr 11, 2007 | $0.1400 | Quarterly |
| Feb 21, 2007 | - | Mar 15, 2007 | - | $0.1764 | Quarterly |
| Feb 7, 2007 | - | Mar 9, 2007 | Jan 10, 2007 | $0.1333 | Quarterly |
| Nov 20, 2006 | - | Dec 7, 2006 | - | $0.1764 | Quarterly |
| Nov 8, 2006 | - | Dec 8, 2006 | Oct 11, 2006 | $0.1238 | Quarterly |
| Aug 23, 2006 | - | Sep 14, 2006 | - | $0.1764 | Quarterly |
| Aug 8, 2006 | - | Sep 8, 2006 | Jul 12, 2006 | $0.1238 | Quarterly |
| May 24, 2006 | - | Jun 15, 2006 | - | $0.1764 | Quarterly |
| May 15, 2006 | - | Jun 9, 2006 | Apr 12, 2006 | $0.1238 | Quarterly |
| Feb 22, 2006 | - | Mar 16, 2006 | - | $0.1565 | Quarterly |
| Feb 8, 2006 | - | Mar 10, 2006 | Jan 11, 2006 | $0.1088 | Quarterly |
| Nov 21, 2005 | - | Dec 8, 2005 | - | $0.1565 | Quarterly |
| Nov 8, 2005 | - | Dec 9, 2005 | Oct 10, 2005 | $0.0998 | Quarterly |
| Aug 24, 2005 | - | Sep 15, 2005 | - | $0.1565 | Quarterly |
| Aug 8, 2005 | - | Sep 9, 2005 | Jul 8, 2005 | $0.0998 | Quarterly |
| May 25, 2005 | - | Jun 16, 2005 | - | $0.1419 | Quarterly |
| May 6, 2005 | - | Jun 10, 2005 | Apr 7, 2005 | $0.0950 | Quarterly |
| Feb 23, 2005 | - | Mar 17, 2005 | - | $0.1355 | Quarterly |
| Feb 8, 2005 | - | Mar 10, 2005 | Jan 12, 2005 | $0.0864 | Quarterly |
| Nov 22, 2004 | - | Dec 9, 2004 | - | $0.1290 | Quarterly |
| Nov 8, 2004 | - | Dec 10, 2004 | Oct 7, 2004 | $0.0777 | Quarterly |
| Aug 25, 2004 | - | Sep 16, 2004 | - | $0.1290 | Quarterly |
| Aug 6, 2004 | - | Sep 10, 2004 | Jul 8, 2004 | $0.0777 | Quarterly |
| May 26, 2004 | - | Jun 17, 2004 | - | $0.1290 | Quarterly |
| May 6, 2004 | - | Jun 10, 2004 | Apr 8, 2004 | $0.0777 | Quarterly |
| Feb 25, 2004 | - | Mar 12, 2004 | - | $0.1170 | Quarterly |
| Feb 6, 2004 | - | Mar 10, 2004 | Jan 7, 2004 | $0.0740 | Quarterly |
| Nov 24, 2003 | - | Dec 11, 2003 | - | $0.1170 | Quarterly |
| Nov 6, 2003 | - | Dec 10, 2003 | Oct 7, 2003 | $0.0658 | Quarterly |
| Aug 27, 2003 | - | Sep 12, 2003 | - | $0.1170 | Quarterly |
| Aug 7, 2003 | - | Sep 10, 2003 | Jul 9, 2003 | $0.0658 | Quarterly |
| May 28, 2003 | - | Jun 13, 2003 | - | $0.1170 | Quarterly |
| May 8, 2003 | - | Jun 10, 2003 | Apr 9, 2003 | $0.0658 | Quarterly |
| Feb 26, 2003 | - | Mar 14, 2003 | - | $0.1112 | Quarterly |
| Feb 6, 2003 | - | Mar 10, 2003 | Jan 7, 2003 | $0.0658 | - |
| Jan 15, 2003 | - | Jan 15, 2003 | - | $0.0691 | - |
| Nov 25, 2002 | - | Dec 12, 2002 | - | $0.1008 | Quarterly |
| Aug 28, 2002 | - | Sep 13, 2002 | - | $0.1008 | Quarterly |
| May 30, 2002 | - | Jun 14, 2002 | - | $0.1008 | Quarterly |
| Feb 27, 2002 | - | Mar 15, 2002 | - | $0.0955 | Quarterly |
| Nov 29, 2001 | - | Dec 13, 2001 | - | $0.0866 | Quarterly |
| Aug 29, 2001 | - | Sep 14, 2001 | - | $0.0866 | Quarterly |
| May 30, 2001 | - | Jun 15, 2001 | - | $0.0866 | Quarterly |
| Feb 27, 2001 | - | Mar 15, 2001 | - | $0.0818 | Quarterly |
| Nov 29, 2000 | - | Dec 12, 2000 | - | $0.0742 | Quarterly |
| Aug 30, 2000 | - | Sep 15, 2000 | - | $0.0742 | Quarterly |
| May 30, 2000 | - | Jun 15, 2000 | - | $0.0742 | Quarterly |
| Feb 28, 2000 | - | Mar 15, 2000 | - | $0.0742 | Quarterly |
| Nov 29, 1999 | - | Dec 15, 1999 | - | $0.0770 | Quarterly |
| Aug 30, 1999 | - | Sep 15, 1999 | - | $0.0770 | Quarterly |
| May 27, 1999 | - | Jun 15, 1999 | - | $0.0770 | Quarterly |
| Feb 25, 1999 | - | Mar 15, 1999 | - | $0.0770 | Quarterly |
| Nov 27, 1998 | - | Dec 15, 1998 | - | $0.0664 | Quarterly |
| Sep 2, 1998 | - | Sep 15, 1998 | - | $0.0664 | Quarterly |
| Jun 2, 1998 | - | Jun 15, 1998 | - | $0.0664 | Quarterly |
| Mar 2, 1998 | - | Mar 16, 1998 | - | $0.0664 | Quarterly |
| Nov 26, 1997 | - | Dec 12, 1997 | - | $0.0567 | Quarterly |