Annual Dividend (TTM)
$1.5200
Quarterly
MBWM
(NASDAQ)Mercantile Bank Corporation
$51.46-- (--)
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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
2.98%
Last ex-date: Mar 6, 2026
Payout Ratio (TTM)
27.85%
Percentage of earnings paid as dividends
Dividend Growth
5.56%
Year-over-year change
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
TTM Growth (YoY)5.56%
3-Year CAGR-33.73%
5-Year CAGR-19.86%
10-Year CAGR-10.33%
Historical Averages
Multi-year dividend averages and payout ratio
Payout Ratio (TTM)27.85%
5-Year Average$1.1820
10-Year Average$1.1690
First PaymentNov 26, 1997
MBWM Historical Dividend Distribution Trend Chart
Visualize dividend payout amounts, distribution growth trends, income yield patterns, and stock splits over time
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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 |
Frequently Asked Questions About Mercantile Bank Dividends
What is MBWM's current dividend yield?
Mercantile Bank Corporation's current dividend yield is 2.98%, calculated by dividing the annual dividend by the current stock price.
When is MBWM's ex-dividend date?
The most recent ex-dividend date for MBWM was March 6, 2026. Check the Dividend Payment History table for upcoming dates.
How often does MBWM pay dividends?
Mercantile Bank Corporation pays dividends quarterly. View the complete payment history in the table above.
What is MBWM's dividend payout ratio?
Mercantile Bank Corporation's payout ratio is 27.85%, indicating the percentage of earnings paid to shareholders as dividends.
What is MBWM's dividend growth rate?
Mercantile Bank Corporation's year-over-year dividend growth is 5.56%.