Mercantile Bank Corporation Dividend
Mercantile Bank Corporation Dividend history 25 years & estimates 2025 to 2026
Dividend Analysis of the Mercantile Bank Corporation Stock
| Current dividend yield | 3.15 % |
| Dividendenrendite 5 Jahre | 1.09 % |
| Dividend Yield 10Y | 7.45 % |
| Payout 3Y | 3.6 % |
When does Mercantile Bank Corporation pay a dividend?
Mercantile Bank Corporation pays the next dividend on Dec 18 2024 (payday). The ex-day is on Dec 06 2024. The Mercantile Bank Corporation stock dividend is paid 4 times a year. In order to receive a dividend, you should generally own the Mercantile Bank Corporation stock before the ex-dividend date. The Dividend Calendar shows that the last ex-day dates were February, June, September and December . Dividends from Mercantile Bank Corporation are distributed via March, June, September and December.
| Year | Dividend | Ex-day & Payday |
Frequency | |
|---|---|---|---|---|
| Fiscal Year | Dividend per Share | Ex-Day | Payday | Payment frequency |
| 2024 |
$0.36
Forecast
$0.36
Forecast
|
Dec 06 2024
Dec 06 2024
Dec 18 2024
Dec 06 24
Dec 18 24 |
Dec 18 2024 |
quarterly
quarterly
|
| 2024 |
$0.36
$0.36
|
Sep 06 2024
Sep 06 2024
Sep 18 2024
Sep 06 24
Sep 18 24 |
Sep 18 2024 |
quarterly
quarterly
|
| 2024 |
$0.35
$0.35
|
Jun 07 2024
Jun 07 2024
Jun 19 2024
Jun 07 24
Jun 19 24 |
Jun 19 2024 |
quarterly
quarterly
|
| 2024 |
$0.35
$0.35
|
Feb 29 2024
Feb 29 2024
Mar 13 2024
Feb 29 24
Mar 13 24 |
Mar 13 2024 |
quarterly
quarterly
|
| 2023 |
$0.34
$0.34
|
Nov 30 2023
Nov 30 2023
Dec 13 2023
Nov 30 23
Dec 13 23 |
Dec 13 2023 |
quarterly
quarterly
|
| 2023 |
$0.34
$0.34
|
Aug 31 2023
Aug 31 2023
Sep 13 2023
Aug 31 23
Sep 13 23 |
Sep 13 2023 |
quarterly
quarterly
|
| 2023 |
$0.33
$0.33
|
Jun 01 2023
Jun 01 2023
Jun 14 2023
Jun 01 23
Jun 14 23 |
Jun 14 2023 |
quarterly
quarterly
|
| 2023 |
$0.33
$0.33
|
Mar 02 2023
Mar 02 2023
Mar 15 2023
Mar 02 23
Mar 15 23 |
Mar 15 2023 |
quarterly
quarterly
|
| 2022 |
$0.32
$0.32
|
Dec 01 2022
Dec 01 2022
Dec 14 2022
Dec 01 22
Dec 14 22 |
Dec 14 2022 |
quarterly
quarterly
|
| 2022 |
$0.32
$0.32
|
Sep 01 2022
Sep 01 2022
Sep 14 2022
Sep 01 22
Sep 14 22 |
Sep 14 2022 |
quarterly
quarterly
|
How much dividend does Mercantile Bank Corporation pay?
Mercantile Bank Corporation most recently paid a dividend of $0.36. Mercantile Bank Corporation paid a Dividend of $1.42 Per Share in the financial year 2024. With a stock price of $43.21 at Nov 01 2024, the current dividend yield is 3.29% (calculation: $1.42 / $43.21 = 3.29%). No special dividend was paid.
What is the Mercantile Bank Corporation Dividend Yield and payout ratio?
The average Mercantile Bank Corporation dividend yield over the last 5 years is 3.91% and the average over the last 10 years is 3.34%.
The payout ratio of Mercantile Bank Corporation in relation to the last financial year is 26.12%. The payout ratio smoothed over 3 years is 29.83%. The calculation is based on the sum of all dividend payments divided by the cumulative earnings per share(EPS).
| Metric | Mercantile Bank Corporation |
|---|---|
| Current dividend yield | 3.29% |
| Dividend Yield 5Y | 3.91% |
| Dividend Yield 10Y | 3.34% |
| Payout 1Y | 26.12% |
| Payout 3Y | 29.83% |
Is the Mercantile Bank Corporation dividend safe? Continuity & Dividend Growth
Is the Mercantile Bank Corporation dividend safe?
Mercantile Bank Corporation has been paying a dividend for 25 years and has not lowered the dividend for 10 years (dividend continuity). As a result, the dividend was recently increased 10-times.
The Dividend Growth in relation to the previous financial year amounts to 5.97%. The average Mercantile Bank Corporation Dividend Growth over the last 5 years is 6.02%. The average for the last 10 years is 10.91%.
| Metric | Mercantile Bank Corporation |
|---|---|
| Increased | 10 Years |
| Continuity | 10 Years |
| Paid | 25 Years |
| Growth 1Y | 5.97% |
| Growth 5Y | 6.02% |
| Growth 10Y | 10.91% |
Continuity
Mercantile Bank Corporation has been paying a dividend for 25 years and has not lowered the dividend for 10 years (dividend continuity). As a result, the dividend was recently increased 10-times.
Dividend Growth
The Dividend Growth in relation to the previous financial year amounts to 5.97%. The average Mercantile Bank Corporation Dividend Growth over the last 5 years is 6.02%. The average for the last 10 years is 10.91%.
Mercantile Bank Corporation Stock Forecast 2024
On the stock exchange, the Mercantile Bank Corporation stock (ISIN: US5873761044) is traded at November 2024 as a Top Scorer according to the dividend strategy.
The stock price of Mercantile Bank Corporation 7.01% has risen since the beginning of the year 2024. However, the return generated in the past says nothing about the future return. You can find the Mercantile Bank Corporation stock price in real time at the top of the page.
Mercantile Bank Corporation (symbol: MBWM) is valued at a Price / Earnings Ratio (P/E ratio) of 8.70 and a price/sales ratio (P/S ratio) of 1.98 valued. Based on analyst estimates, the Mercantile Bank Corporation stock forecast 2024 of the current financial year corresponds to a valuation of 8.88 according to P/E ratio and 3.04 according to P/S.
| Metric | Mercantile Bank Corporation |
|---|---|
| Dividend Score | ??/15 |
| Performance 2024 |
7.01%
|
| P/E TTM | 8.70 |
| P/S TTM | 1.98 |
| P/E forward | 8.88 |
| P/S forward | 3.04 |
Mercantile Bank Corporation (symbol: MBWM) is valued at a Price / Earnings Ratio (P/E ratio) of 8.70 and a price/sales ratio (P/S ratio) of 1.98 valued. Based on analyst estimates, the Mercantile Bank Corporation stock forecast 2024 of the current financial year corresponds to a valuation of 8.88 according to P/E ratio and 3.04 according to P/S.
Discover more Dividend Stocks
Register for Free
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.
