MBWM is Mercantile Bank Corporation (Financial Services). Trading at $52.20. Current dividend yield: 2.99%.
Dividend snapshot
| Annual dividend rate | $1.56 |
| Current yield | 2.99% |
| Payment frequency | Quarterly |
| Next ex-dividend date | Jun 05, 2026 |
| Most recent payment date | Mar 18, 2026 |
| Last payment amount | $0.3900 |
| 5-year dividend CAGR | 6.02% |
| 3-year dividend CAGR | 5.98% |
| Payout ratio | 27% |
| Market cap | $902M |
| Exchange | NMS |
Recent dividend payments
| Date | Amount / share |
|---|---|
| 2026-03-06 | $0.3900 |
| 2025-12-05 | $0.3800 |
| 2025-09-05 | $0.3800 |
| 2025-06-06 | $0.3700 |
| 2025-03-07 | $0.3700 |
| 2024-12-06 | $0.3600 |
| 2024-09-06 | $0.3600 |
| 2024-06-07 | $0.3500 |
About MBWM
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, the company offers courier services and safe deposit boxes; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
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Data refreshed 2026-05-24. Not investment advice. Yields and prices change continuously; always verify the latest numbers in the live app before buying.