MBWM Dividend History & Analysis | 3.1% Yield

MBWM has a dividend yield of 3.1% and paid 1.54 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.11%
Payout Ratio 27.0%
Growth Rate CAGR 5y 6%
Consistency Lifetime 100%
Yield on Cost 5y 6.2%
Payout FCF 57.3%
Streak Years 5
Dividend Rating 64.1%
Chowder Number yield + growth 9.1% below 12% target for healthy growth
Yield vs Average 5y +246.5% avg 0.9% vs now 3.11%
Debt / EBITDA leverage 5.9x elevated
Income per 10k invested 311 USD per year
Dividends Cash Amount per Share Yearly MBWM annual dividends paid per share, showing the total cash Mercantile Bank distributed to shareholders each year.
Dividend Growth Year over Year MBWM year-over-year dividend growth rate, showing how Mercantile Bank's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History MBWM dividend yield history versus share price over the past 5 years, showing how Mercantile Bank's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Regional Banks

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
BPE MI
BPER Banca
33,410 M 5.85% 49.26%
UCG MI
UniCredit S.p.A.
139,813 M 4.77% 42.12%
SWED-A ST
Swedbank (publ)
41,627 M 9.93% 27.65%
VLK AS
Van Lanschot
3,190 M 5.82% 29.63%
IFS NYSE
Intercorp Financial
6,457 M 7.81% 19.31%
BDB MI
Banco di Desio e della
2,081 M 5.78% 21.47%
MB MI
Mediobanca Banca di Credito
24,560 M 6.65% 18.31%
CE MI
Credito Emiliano S.p.A
6,860 M 5.13% 19.62%
BG VI
BAWAG
15,627 M 4.27% 21.26%
NDA-FI HE
Nordea Bank Abp
64,252 M 6.70% 15.98%
Top 10 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
MCB NYSE
Metropolitan Bank Holding
1,221 M 105.65% 100.0%
CBK XETRA
Commerzbank
47,735 M 77.88% 100.0%
BCML NASDAQ
BayCom
364 M 55.95% 100.0%
BPE MI
BPER Banca
33,410 M 58.37% 100.0%
BDB MI
Banco di Desio e della
2,081 M 54.54% 100.0%
FCNCA NASDAQ
First Citizens BancShares
24,136 M 53.65% 100.0%
DBK XETRA
Deutsche Bank
64,641 M 49.35% 100.0%
SWED-A ST
Swedbank (publ)
41,627 M 34.02% 97.1%
CE MI
Credito Emiliano S.p.A
6,860 M 29.07% 97.6%
RRBI NASDAQ
Red River Bancshares
624 M 25.63% 100.0%

MBWM Dividend History

Last 20 Payments (USD) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-05 2026-06-05 2026-06-17 Quarterly 0.39 0% 0.75%
2026-03-06 2026-03-06 2026-03-18 Quarterly 0.39 +2.6% 0.78%
2025-12-05 2025-12-05 2025-12-17 Quarterly 0.38 0% 0.81%
2025-09-05 2025-09-05 2025-09-17 Quarterly 0.38 +2.7% 0.77%
2025-06-06 2025-06-06 2025-06-18 Quarterly 0.37 0% 0.84%
2025-03-07 2025-03-07 2025-03-19 Quarterly 0.37 +2.8% 0.81%
2024-12-06 2024-12-06 2024-12-18 Quarterly 0.36 0% 0.71%
2024-09-06 2024-09-06 2024-09-18 Quarterly 0.36 +2.9% 0.82%
2024-06-07 2024-06-07 2024-06-19 Quarterly 0.35 0% 0.96%
2024-02-29 2024-03-01 2024-03-13 Quarterly 0.35 +2.9% 0.95%
2023-11-30 2023-12-01 2023-12-13 Quarterly 0.34 0% 0.97%
2023-08-31 2023-09-01 2023-09-13 Quarterly 0.34 +3% 1.03%
2023-06-01 2023-06-02 2023-06-14 Quarterly 0.33 0% 1.27%
2023-03-02 2023-03-03 2023-03-15 Quarterly 0.33 +3.1% 0.96%
2022-12-01 2022-12-02 2022-12-14 Quarterly 0.32 0% 0.92%
2022-09-01 2022-09-02 2022-09-14 Quarterly 0.32 +3.2% 0.98%
2022-06-02 2022-06-03 2022-06-15 Quarterly 0.31 0% 0.96%
2022-03-03 2022-03-04 2022-03-16 Quarterly 0.31 +3.3% 0.82%
2021-12-02 2021-12-03 2021-12-15 Quarterly 0.3 0% 0.89%
2021-09-02 2021-09-03 2021-09-15 Quarterly 0.3 0% 0.96%

MBWM Dividend FAQ

What is the Dividend Yield of MBWM?

As of July 2026, MBWM's dividend yield is 3.11%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.54 USD by the current share price of 57.41.

Does MBWM pay a dividend?

As of July 2026, MBWM paid a dividend of 1.54 USD in the last 12 months. The last dividend was paid on 2026-06-05 and the payout was 0.39 USD.

How often does MBWM pay dividends?

MBWM pays dividends quarterly. Over the last 12 months, MBWM has issued 4 dividend payments. The last dividend payment was made on 2026-06-05.

MBWM dividend forecast

Based on historical data, the forecasted dividends per share for MBWM for the next payments are between 0.393 (+0.8%) and 0.408 (+4.6%). This suggests the dividend will remain relatively stable. The expected Yield for the next 12 months is about 2.79%.

Will MBWM pay dividends in 2026?

The latest dividend paid per share was 0.39 USD with an Ex-Dividend Date of 2026-06-05. The next Ex-Dividend date for Mercantile Bank (MBWM) is currently unknown.

What is the next Ex-Dividend Date for MBWM?

The next Ex-Dividend date for Mercantile Bank (MBWM) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of MBWM?

MBWM's average dividend growth rate over the past 5 years is 5.96% per year. Strong growth: MBWM's dividend growth is outpacing inflation.

What is the Yield on Cost of MBWM?

MBWM's 5-Year Yield on Cost is 6.18%. If you bought MBWM's shares at 24.90 USD five years ago, your current annual dividend income (1.54 USD per share, trailing 12 months) equals 6.18% of your original purchase price.

What is the Payout Consistency of MBWM?

MBWM Payout Consistency is 100.0%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Mercantile Bank has a strong track record of consistent dividend payments over its lifetime.

Does MBWM have a good Dividend Yield?

MBWM's 3.11% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of MBWM?

The Dividend Payout Ratio of MBWM is 27.0%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of MBWM?

MBWM's Overall Dividend Rating is 64.06%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

MBWM Outstanding Shares Analysis

The Chart shows the outstanding shares over time per year.
What is the Trend in MBWM's Outstanding Shares?

Mercantile Bank's outstanding shares have increased by approximately 3.24% annually over the past 3 years (Trend Reliability: 100.0%). Watch carefully: The company is issuing new shares, diluting existing shareholders. Dividend growth may lag earnings growth as payouts are spread across more shares.

Has MBWM ever had a Stock Split?

Yes, the last stock split was on Apr 19, 2007 with a ratio of 105:100. This was a forward split: Each share became 1.05 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1998 3,510,000 0%
1999 3,479,100 -0.88%
2000 3,586,200 +3.08%
2001 6,570,500 +83.22%
2002 6,579,000 +0.13%
2003 8,701,800 +32.27%
2004 8,342,200 -4.13%
2005 8,791,500 +5.39%
2006 8,858,700 +0.76%
2007 8,465,100 -4.44%
2008 8,481,000 +0.19%
2009 8,501,700 +0.24%
2010 8,599,200 +1.15%
2011 8,605,500 +0.07%
2012 8,674,300 +0.8%
2013 8,735,100 +0.7%
2014 16,989,500 +94.5%
2015 16,352,200 -3.75%
2016 16,374,100 +0.13%
2017 16,536,200 +0.99%
2018 16,600,000 +0.39%
2019 16,376,000 -1.35%
2020 16,279,000 -0.59%
2021 15,696,000 -3.58%
2022 15,888,000 +1.22%
2023 16,044,000 +0.98%
2024 16,143,000 +0.62%
2025 16,263,900 +0.75%
2026 17,237,200 +5.98%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-07-01 03:21 UTC