MBWM Dividend History & Analysis | 3.2% Yield

MBWM has a dividend yield of 3.2% and paid 1.52 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.20%
Payout Ratio 27.8%
Growth Rate CAGR 5y 6.18%
Consistency Lifetime 85.5%
Yield on Cost 5y 5.61%
Payout FCF 213.7%
Streak Years 6
Dividend Rating 60.86%
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) ■ Price (left) ┅ Avg Yield

Top Dividend Payers in Regional Banks

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
BPE 26,288 M 8.90% 84.5%
UCG 111,640 M 5.36% 66.3%
BPSO 8,346 M 6.88% 36.5%
BNP 103,519 M 9.55% 27.1%
CBK 39,130 M 2.56% 36.0%
Top 5 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
UCG 111,640 M 122% 77.9%
BPE 26,288 M 105% 80.7%
BPSO 8,346 M 91.1% 81.9%
CBK 39,130 M 80.3% 45.6%
DBK 56,222 M 50.4% 78.7%
Quality Dividend Peers in Regional Banks BPE BPER Banca SpA
8.90% Yield BPSO Banca Popolare di
6.88% Yield AMAL Amalgamated Bank
1.91% Yield SPFI South Plains Financial
1.68% Yield BPOP Popular
2.50% Yield ORRF Orrstown Financial
3.29% Yield
MBWM Dividend History: Last 50 Payments (USD) as of April 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH QoQ PAYOUT YIELD
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% 1.02%
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% 0.95%
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 3.4% 0.96%
2021-06-03 2021-06-04 2021-06-16 Quarterly 0.29 0% 0.91%
2021-03-04 2021-03-05 2021-03-17 Quarterly 0.29 3.6% N/A
2020-12-03 2020-12-04 2020-12-16 Quarterly 0.28 0% N/A
2020-09-03 2020-09-04 2020-09-16 Quarterly 0.28 0% N/A
2020-06-04 2020-06-05 2020-06-17 Quarterly 0.28 0% N/A
2020-03-05 2020-03-06 2020-03-18 Quarterly 0.28 3.7% N/A
2019-12-05 2019-12-06 2019-12-18 Quarterly 0.27 0% N/A
2019-09-05 2019-09-06 2019-09-18 Quarterly 0.27 3.8% N/A
2019-06-06 2019-06-07 2019-06-19 Quarterly 0.26 0% N/A
2019-03-07 2019-03-08 2019-03-20 Quarterly 0.26 -74% N/A
2018-12-06 2018-12-07 2018-12-19 Quarterly 1 316.7% N/A
2018-09-06 2018-09-07 2018-09-19 Quarterly 0.24 9.1% N/A
2018-06-07 2018-06-08 2018-06-20 Quarterly 0.22 0% N/A
2018-03-08 2018-03-09 2018-03-21 Quarterly 0.22 15.8% N/A
2017-12-07 2017-12-08 2017-12-20 Quarterly 0.19 0% N/A
2017-09-07 2017-09-08 2017-09-20 Quarterly 0.19 5.6% N/A
2017-06-07 2017-06-09 2017-06-21 Quarterly 0.18 0% N/A
2017-03-08 2017-03-10 2017-03-22 Quarterly 0.18 -73.1% N/A
2016-12-07 2016-12-09 2016-12-21 Quarterly 0.67 294.1% N/A
2016-09-07 2016-09-09 2016-09-21 Quarterly 0.17 6.3% N/A
2016-06-08 2016-06-10 2016-06-23 Quarterly 0.16 0% N/A
2016-03-09 2016-03-11 2016-03-23 Quarterly 0.16 6.7% N/A
2015-12-09 2015-12-11 2015-12-23 Quarterly 0.15 0% N/A
2015-09-09 2015-09-11 2015-09-23 Quarterly 0.15 7.1% N/A
2015-06-10 2015-06-12 2015-06-24 Quarterly 0.14 0% N/A
2015-03-11 2015-03-13 2015-03-25 Quarterly 0.14 16.7% N/A
2014-12-10 2014-12-12 2014-12-24 Quarterly 0.12 0% N/A
2014-09-10 2014-09-12 2014-09-24 Quarterly 0.12 0% N/A
2014-06-11 2014-06-13 2014-06-25 Quarterly 0.12 -94% N/A
2014-05-20 2014-05-22 2014-05-29 Other 2 3233.3% N/A
2014-03-07 2014-03-11 2014-03-27 Quarterly 0.06 0% N/A

MBWM Dividend FAQ

Mercantile Bank Corporation (MBWM) is a bank holding company operating in the United States. It provides commercial and retail banking services to small and medium-sized businesses and individuals.

What is the Dividend Yield of MBWM?

As of April 2026, MBWM`s dividend yield is 3.20%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 1.52 USD by the current share price of 50.50.

Does MBWM pay a dividend?

As of April 2026, MBWM paid a dividend of 1.52 USD in the last 12 months. The last dividend was paid on 2026-03-06 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 2026-03-06.

MBWM dividend forecast

Based on historical data, the forecasted dividends per share for MBWM for the next payments are between 0.305 (-21.8%) and 0.432 (+10.8%). This indicates a moderate dividend reduction compared to the last payment. The expected Yield for the next 12 months is about 2.91%.

Will MBWM pay dividends in 2026?

The latest dividend paid per share was 0.39 USD with an Ex-Dividend Date of 2026-03-06. 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 6.18% 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 5.61%. If you bought MBWM's shares at 27.09 USD five years ago, your current annual dividend income (1.52 USD per share, trailing 12 months) equals 5.61% of your original purchase price.

What is the Payout Consistency of MBWM?

MBWM Payout Consistency is 85.5%. 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.
Moderately consistent: Mercantile Bank has a good track record of consistent dividend payments over its lifetime.

Does MBWM have a good Dividend Yield?

MBWM`s 3.20% 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 27.8%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of MBWM?

MBWM`s Overall Dividend Rating is 60.86%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

MBWM Outstanding Shares Analysis

What is the Trend in MBWM's Outstanding Shares?

Mercantile Bank's outstanding shares have increased by approximately 0.68% annually over the past 3 years (Trend Reliability: 100.0%).

Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

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
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%

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: 2026-03-26 02:35