Mercantile Bank Corporation
MBWMFinancial Services · Stock · quarterly payer
$52.63
Add to PortfolioForward Yield
2.96%
Annual Dividend
$1.56
Payout Ratio
27%
5-Yr Growth
6.0%
Ex-Date
Jun 5, 2026
Frequency
Quarterly
MBWM Dividend Safety Score
85/ 100
Grade A
Very Safe
Dividend-growth streak12 consecutive years of growth
Cut historyCut its dividend in 2009
Earnings payout coverage27% of earnings paid out
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is MBWM a good dividend stock?
YesMercantile Bank Corporation (MBWM) pays a quarterly dividend yielding 2.96% ($1.56/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Comfortable payout ratio (27%)
- Strong 6.0% 5-yr dividend growth
- 74% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 2.96%
- Payout Ratio
- 27%
- Annual Dividend
- $1.56
- 5-Yr Avg Growth
- 6.0%
- Ex-Dividend Date
- Jun 5, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 0.83
- Market Cap
- $909.2M
- P/E Ratio
- 9.4
- 5-Yr Total Return
- 74%
- 52-Week Range
- $42.17 – $55.77
- Dividend Safety
- A · 85/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 6, 2026 | — | $0.3900 | regular |
| Dec 5, 2025 | — | $0.3800 | regular |
| Sep 5, 2025 | — | $0.3800 | regular |
| Jun 6, 2025 | — | $0.3700 | regular |
| Mar 7, 2025 | — | $0.3700 | regular |
| Dec 6, 2024 | — | $0.3600 | regular |
| Sep 6, 2024 | — | $0.3600 | regular |
| Jun 7, 2024 | — | $0.3500 | regular |
| Feb 29, 2024 | — | $0.3500 | regular |
| Nov 30, 2023 | — | $0.3400 | regular |
| Aug 31, 2023 | — | $0.3400 | regular |
| Jun 1, 2023 | — | $0.3300 | regular |
| Mar 2, 2023 | — | $0.3300 | regular |
| Dec 1, 2022 | — | $0.3200 | regular |
Income Calculator
At $1.56 / yr per share
Per payment (quarterly)$39.00
Annual$156.00
Monthly avg$13.00
