MBWM
Mercantile Bank Corporation
60.40$
-0.3%
vs. previous close
Closing price · As of: Sep 17, 2026
Dividend
Dividend
Dividend history for Mercantile Bank Corporation (MBWM): every payment, yield, payout ratio and growth at a glance. The most recent distribution was 0.40 $ per share (ex-date 09/04/2026).
Dividend Yield
?Annual dividend divided by the current price: what percentage of your investment comes back as a payout each year.
2.52%
Dividend Per Share (TTM)
?Sum of dividends paid per share over the last 12 months.
1.54$
Payout Ratio
?Share of profit paid out as dividends. Over 100% means the company is paying out more than it earns — not sustainable long-term.
26.7%
Increase Streak
?How many years in a row the dividend has been raised — the gold standard for dividend payers.
6Years
Years Without a Cut
?How many years in a row the dividend hasn't been cut — a measure of reliability.
6Years
Dividend growth (3-yr CAGR)
?Average annual dividend growth over the past three years.
6.0%
Dividend growth (5-yr CAGR)
?Average annual dividend growth over the past five years.
6.0%
Dividend growth (10-yr CAGR)
?Average annual dividend growth over the past ten years.
10.0%
Payment History
| Ex-Date | Payment Date | Amount | Change | Type |
|---|---|---|---|---|
| 09/04/2026 | 09/16/2026 | 0.40 $ | +2.6% | Quarterly |
| 06/05/2026 | 06/17/2026 | 0.39 $ | 0.0% | Quarterly |
| 03/06/2026 | 03/18/2026 | 0.39 $ | +2.6% | Quarterly |
| 12/05/2025 | 12/17/2025 | 0.38 $ | 0.0% | Quarterly |
| 09/05/2025 | 09/17/2025 | 0.38 $ | +2.7% | Quarterly |
| 06/06/2025 | 06/18/2025 | 0.37 $ | 0.0% | Quarterly |
| 03/07/2025 | 03/19/2025 | 0.37 $ | +2.8% | Quarterly |
| 12/06/2024 | 12/18/2024 | 0.36 $ | 0.0% | Quarterly |
| 09/06/2024 | 09/18/2024 | 0.36 $ | +2.9% | Quarterly |
| 06/07/2024 | 06/19/2024 | 0.35 $ | 0.0% | Quarterly |
| 02/29/2024 | 03/13/2024 | 0.35 $ | +2.9% | Quarterly |
| 11/30/2023 | 12/13/2023 | 0.34 $ | 0.0% | Quarterly |
| 08/31/2023 | 09/13/2023 | 0.34 $ | +3.0% | Quarterly |
| 06/01/2023 | 06/14/2023 | 0.33 $ | 0.0% | Quarterly |
| 03/02/2023 | 03/15/2023 | 0.33 $ | +3.1% | Quarterly |
| 12/01/2022 | 12/14/2022 | 0.32 $ | 0.0% | Quarterly |
| 09/01/2022 | 09/14/2022 | 0.32 $ | +3.2% | Quarterly |
| 06/02/2022 | 06/15/2022 | 0.31 $ | 0.0% | Quarterly |
| 03/03/2022 | 03/16/2022 | 0.31 $ | +3.3% | Quarterly |
| 12/02/2021 | 12/15/2021 | 0.30 $ | 0.0% | Quarterly |
| 09/02/2021 | 09/15/2021 | 0.30 $ | +3.4% | Quarterly |
| 06/03/2021 | 06/16/2021 | 0.29 $ | 0.0% | Quarterly |
| 03/04/2021 | 03/17/2021 | 0.29 $ | +3.6% | Quarterly |
| 12/03/2020 | 12/16/2020 | 0.28 $ | 0.0% | Quarterly |
| 09/03/2020 | 09/16/2020 | 0.28 $ | 0.0% | Quarterly |
| 06/04/2020 | 06/17/2020 | 0.28 $ | 0.0% | Quarterly |
| 03/05/2020 | 03/18/2020 | 0.28 $ | +3.7% | Quarterly |
| 12/05/2019 | 12/18/2019 | 0.27 $ | 0.0% | Quarterly |
| 09/05/2019 | 09/18/2019 | 0.27 $ | +3.8% | Quarterly |
| 06/06/2019 | 06/19/2019 | 0.26 $ | 0.0% | Quarterly |
| 03/07/2019 | 03/20/2019 | 0.26 $ | -74.0% | Quarterly |
| 12/06/2018 | 12/19/2018 | 1.00 $ | +316.7% | Quarterly |
| 09/06/2018 | 09/19/2018 | 0.24 $ | +9.1% | Quarterly |
| 06/07/2018 | 06/20/2018 | 0.22 $ | 0.0% | Quarterly |
| 03/08/2018 | 03/21/2018 | 0.22 $ | +15.8% | Quarterly |
| 12/07/2017 | 12/20/2017 | 0.19 $ | 0.0% | Quarterly |
| 09/07/2017 | 09/20/2017 | 0.19 $ | +5.6% | Quarterly |
| 06/07/2017 | 06/21/2017 | 0.18 $ | 0.0% | Quarterly |
| 03/08/2017 | 03/22/2017 | 0.18 $ | -73.1% | Quarterly |
| 12/07/2016 | 12/21/2016 | 0.67 $ | +294.1% | Quarterly |
| 09/07/2016 | 09/21/2016 | 0.17 $ | +6.3% | Quarterly |
| 06/08/2016 | 06/23/2016 | 0.16 $ | 0.0% | Quarterly |
| 03/09/2016 | 03/23/2016 | 0.16 $ | +6.7% | Quarterly |
| 12/09/2015 | 12/23/2015 | 0.15 $ | 0.0% | Quarterly |
| 09/09/2015 | 09/23/2015 | 0.15 $ | +7.1% | Quarterly |
| 06/10/2015 | 06/24/2015 | 0.14 $ | 0.0% | Quarterly |
| 03/11/2015 | 03/25/2015 | 0.14 $ | +16.7% | Quarterly |
| 12/10/2014 | 12/24/2014 | 0.12 $ | 0.0% | Quarterly |
| 09/10/2014 | 09/24/2014 | 0.12 $ | 0.0% | Quarterly |
| 06/11/2014 | 06/25/2014 | 0.12 $ | +100.0% | Quarterly |
| 05/20/2014 | 05/29/2014 | 2.00 $ | +1,036.4% | Other |
| 03/07/2014 | 03/27/2014 | 0.0600 $ | -50.0% | Quarterly |
| 02/06/2014 | 03/10/2014 | 0.12 $ | +100.0% | Quarterly |
| 12/11/2013 | 12/26/2013 | 0.0600 $ | -50.0% | Quarterly |
| 11/06/2013 | 12/10/2013 | 0.12 $ | +100.0% | Quarterly |
| 09/06/2013 | 09/26/2013 | 0.0600 $ | -50.0% | Quarterly |
| 08/07/2013 | 09/10/2013 | 0.12 $ | +100.0% | Quarterly |
| 06/07/2013 | 06/27/2013 | 0.0600 $ | -45.5% | Quarterly |
| 05/08/2013 | 06/10/2013 | 0.11 $ | +83.3% | Quarterly |
| 03/08/2013 | 03/28/2013 | 0.0600 $ | -40.0% | Quarterly |
| 02/06/2013 | 03/08/2013 | 0.10 $ | +900.0% | Quarterly |
| 12/18/2012 | 12/31/2012 | 0.18 $ | +167.4% | Other |
| 11/20/2012 | 12/13/2012 | 0.0100 $ | -88.9% | Quarterly |
| 11/07/2012 | 12/10/2012 | 0.0900 $ | +800.0% | Quarterly |
| 08/22/2012 | 09/13/2012 | 0.0100 $ | 0.0% | Quarterly |
| 05/23/2012 | 06/14/2012 | 0.0100 $ | -83.3% | Quarterly |
| 02/22/2012 | 03/15/2012 | 0.0600 $ | +500.0% | Quarterly |
| 11/22/2011 | 12/15/2011 | 0.0100 $ | 0.0% | Quarterly |
| 08/24/2011 | 09/15/2011 | 0.0100 $ | 0.0% | Quarterly |
| 05/25/2011 | 06/16/2011 | 0.0100 $ | 0.0% | Quarterly |
| 02/23/2011 | 03/17/2011 | 0.0100 $ | 0.0% | Quarterly |
| 11/23/2010 | 12/16/2010 | 0.0100 $ | 0.0% | Quarterly |
| 08/25/2010 | 09/16/2010 | 0.0100 $ | 0.0% | Quarterly |
| 05/26/2010 | 06/17/2010 | 0.0100 $ | -80.0% | Quarterly |
| 02/17/2010 | 03/11/2010 | 0.0500 $ | +400.0% | Quarterly |
| 02/08/2010 | 03/10/2010 | 0.0100 $ | -88.4% | Quarterly |
| 11/24/2009 | 12/17/2009 | 0.0864 $ | +764.0% | Quarterly |
| 11/06/2009 | 12/10/2009 | 0.0100 $ | -88.4% | Quarterly |
| 08/26/2009 | 09/17/2009 | 0.0864 $ | +764.0% | Quarterly |
| 08/06/2009 | 09/10/2009 | 0.0100 $ | -88.4% | Quarterly |
| 05/20/2009 | 06/11/2009 | 0.0864 $ | +764.0% | Quarterly |
| 05/06/2009 | 06/10/2009 | 0.0100 $ | -88.4% | Quarterly |
| 03/04/2009 | 03/19/2009 | 0.0864 $ | +116.0% | Quarterly |
| 02/06/2009 | 03/10/2009 | 0.0400 $ | -79.4% | Quarterly |
| 11/19/2008 | 12/11/2008 | 0.19 $ | +386.3% | Quarterly |
| 11/06/2008 | 12/10/2008 | 0.0400 $ | -79.4% | Quarterly |
| 08/20/2008 | 09/11/2008 | 0.19 $ | +386.3% | Quarterly |
| 08/06/2008 | 09/10/2008 | 0.0400 $ | -79.4% | Quarterly |
| 05/21/2008 | 06/12/2008 | 0.19 $ | +143.1% | Quarterly |
| 05/07/2008 | 06/10/2008 | 0.0800 $ | -58.9% | Quarterly |
| 02/20/2008 | 03/13/2008 | 0.19 $ | +29.7% | Quarterly |
| 02/06/2008 | 03/10/2008 | 0.15 $ | -22.9% | Quarterly |
| 11/20/2007 | 12/06/2007 | 0.19 $ | +38.9% | Quarterly |
| 11/07/2007 | 12/10/2007 | 0.14 $ | -28.0% | Quarterly |
| 08/22/2007 | 09/13/2007 | 0.19 $ | +38.9% | Quarterly |
| 08/08/2007 | 09/10/2007 | 0.14 $ | -28.0% | Quarterly |
| 05/23/2007 | 06/14/2007 | 0.19 $ | +38.9% | Quarterly |
| 05/08/2007 | 06/08/2007 | 0.14 $ | -20.6% | Quarterly |
| 02/21/2007 | 03/15/2007 | 0.18 $ | +32.3% | Quarterly |
| 02/07/2007 | 03/09/2007 | 0.13 $ | -24.4% | Quarterly |
| 11/20/2006 | 12/07/2006 | 0.18 $ | +42.5% | Quarterly |
| 11/08/2006 | 12/08/2006 | 0.12 $ | -29.8% | Quarterly |
| 08/23/2006 | 09/14/2006 | 0.18 $ | +42.5% | Quarterly |
| 08/08/2006 | 09/08/2006 | 0.12 $ | -29.8% | Quarterly |
| 05/24/2006 | 06/15/2006 | 0.18 $ | +42.5% | Quarterly |
| 05/15/2006 | 06/09/2006 | 0.12 $ | -20.9% | Quarterly |
| 02/22/2006 | 03/16/2006 | 0.16 $ | +43.8% | Quarterly |
| 02/08/2006 | 03/10/2006 | 0.11 $ | -30.5% | Quarterly |
| 11/21/2005 | 12/08/2005 | 0.16 $ | +56.9% | Quarterly |
| 11/08/2005 | 12/09/2005 | 0.0998 $ | -36.2% | Quarterly |
| 08/24/2005 | 09/15/2005 | 0.16 $ | +56.9% | Quarterly |
| 08/08/2005 | 09/09/2005 | 0.0998 $ | -29.7% | Quarterly |
| 05/25/2005 | 06/16/2005 | 0.14 $ | +49.3% | Quarterly |
| 05/06/2005 | 06/10/2005 | 0.0950 $ | -29.9% | Quarterly |
| 02/23/2005 | 03/17/2005 | 0.14 $ | +56.9% | Quarterly |
| 02/08/2005 | 03/10/2005 | 0.0864 $ | -33.0% | Quarterly |
| 11/22/2004 | 12/09/2004 | 0.13 $ | +65.9% | Quarterly |
| 11/08/2004 | 12/10/2004 | 0.0778 $ | -39.7% | Quarterly |
| 08/25/2004 | 09/16/2004 | 0.13 $ | +65.9% | Quarterly |
| 08/06/2004 | 09/10/2004 | 0.0778 $ | -39.7% | Quarterly |
| 05/26/2004 | 06/17/2004 | 0.13 $ | +65.9% | Quarterly |
| 05/06/2004 | 06/10/2004 | 0.0778 $ | -33.5% | Quarterly |
| 02/25/2004 | 03/12/2004 | 0.12 $ | +58.0% | Quarterly |
| 02/06/2004 | 03/10/2004 | 0.0740 $ | -36.7% | Quarterly |
| 11/24/2003 | 12/11/2003 | 0.12 $ | +77.8% | Quarterly |
| 11/06/2003 | 12/10/2003 | 0.0658 $ | -43.7% | Quarterly |
| 08/27/2003 | 09/12/2003 | 0.12 $ | +77.8% | Quarterly |
| 08/07/2003 | 09/10/2003 | 0.0658 $ | -43.7% | Quarterly |
| 05/28/2003 | 06/13/2003 | 0.12 $ | +77.8% | Quarterly |
| 05/08/2003 | 06/10/2003 | 0.0658 $ | -40.8% | Quarterly |
| 02/26/2003 | 03/14/2003 | 0.11 $ | +10.3% | Quarterly |
| 02/06/2003 | 03/10/2003 | 0.0658 $ | – | Other |
| 01/15/2003 | – | 0.0691 $ | – | – |
| 11/25/2002 | 12/12/2002 | 0.10 $ | 0.0% | Quarterly |
| 08/28/2002 | 09/13/2002 | 0.10 $ | 0.0% | Quarterly |
| 05/30/2002 | 06/14/2002 | 0.10 $ | +5.5% | Quarterly |
| 02/27/2002 | 03/15/2002 | 0.0955 $ | +10.3% | Quarterly |
| 11/29/2001 | 12/13/2001 | 0.0866 $ | 0.0% | Quarterly |
| 08/29/2001 | 09/14/2001 | 0.0866 $ | 0.0% | Quarterly |
| 05/30/2001 | 06/15/2001 | 0.0866 $ | +5.9% | Quarterly |
| 02/27/2001 | 03/15/2001 | 0.0818 $ | +10.2% | Quarterly |
| 11/29/2000 | 12/12/2000 | 0.0742 $ | 0.0% | Quarterly |
| 08/30/2000 | 09/15/2000 | 0.0742 $ | 0.0% | Quarterly |
| 05/30/2000 | 06/15/2000 | 0.0742 $ | 0.0% | Quarterly |
| 02/28/2000 | 03/15/2000 | 0.0742 $ | -3.6% | Quarterly |
| 11/29/1999 | 12/15/1999 | 0.0770 $ | 0.0% | Quarterly |
| 08/30/1999 | 09/15/1999 | 0.0770 $ | 0.0% | Quarterly |
| 05/27/1999 | 06/15/1999 | 0.0770 $ | 0.0% | Quarterly |
| 02/25/1999 | 03/15/1999 | 0.0770 $ | +15.9% | Quarterly |
| 11/27/1998 | 12/15/1998 | 0.0664 $ | 0.0% | Quarterly |
| 09/02/1998 | 09/15/1998 | 0.0664 $ | 0.0% | Quarterly |
| 06/02/1998 | 06/15/1998 | 0.0664 $ | 0.0% | Quarterly |
| 03/02/1998 | 03/16/1998 | 0.0664 $ | +17.1% | Quarterly |
| 11/26/1997 | 12/12/1997 | 0.0567 $ | – | Quarterly |
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.