Mercantile Bank Corporation Stock Dividends
MBWM pays dividends quarterly. Last paid amount was $0.350 at Mar 13, 2024. As of today, dividend yield (TTM) is 3.99%.
Dividend Yield Range
AI Analysis of MBWM
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 3.99% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | 6.06% |
| Payout Ratio | 0 |
| Amount Per Share | $0.350 |
| Next Ex-Dividend Date | Jun 07, 2024 |
| Next Payment Date | Jun 19, 2024 |
Upcoming Dividend Payment
To receive the upcoming dividend from MBWM the purchase should be done within the next 40 days.
Here's a simple guide on how to buy MBWM stock.
MBWM Dividend Payout History
To ensure a understanding of MBWM's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Jun 07, 2024 | Jun 19, 2024 | $0.350 | 0.97% |
| 2 | Jan 11, 2024 | Feb 29, 2024 | Mar 13, 2024 | $0.350 | 0.96% |
| 3 | Oct 12, 2023 | Nov 30, 2023 | Dec 13, 2023 | $0.340 | 0.85% |
| 4 | Jul 13, 2023 | Aug 31, 2023 | Sep 13, 2023 | $0.340 | 1.06% |
| 5 | Apr 13, 2023 | Jun 01, 2023 | Jun 14, 2023 | $0.330 | 1.12% |
| 6 | Jan 12, 2023 | Mar 02, 2023 | Mar 15, 2023 | $0.330 | 1.05% |
| 7 | Oct 18, 2022 | Dec 01, 2022 | Dec 14, 2022 | $0.320 | 0.97% |
| 8 | Jul 19, 2022 | Sep 01, 2022 | Sep 14, 2022 | $0.320 | 1.01% |
| 9 | Apr 19, 2022 | Jun 02, 2022 | Jun 15, 2022 | $0.310 | 0.98% |
| 10 | Jan 18, 2022 | Mar 03, 2022 | Mar 16, 2022 | $0.310 | 0.82% |
Dividend Sustainability
The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.
Sustainability score
Growth potential
MBWM Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from MBWM dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in MBWM stock here.
Comparing MBWM to Sector and Country
MBWM pays a solid dividend yield of 3.99%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.89%). MBWM’s dividend yield is lower than the average of the top 25% of dividend payers in the Financial Services sector in the US market (11.07%), which means that there are more attractive dividend stocks to consider.
MBWM Stock Competitors
| Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
|---|---|---|---|---|---|
| Financial Institutions | 268.418M | $0.300 | 6.71% | 39.28% | |
| The First of Long Island Corporation | 235.858M | $0.210 | 5.55% | 72.10% | |
| Independent Bank Corporation | 522.428M | $0.240 | 4.61% | 32.72% | |
| Mercantile Bank Corporation | 588.095M | $0.350 | 3.99% | 19.13% | |
| First Community Bancshares | 618.58M | $0.290 | 3.75% | 33.38% | |
| Bank First National Corporation | 794.896M | $0.350 | 1.54% | 11.79% | |
| Atlanticus Holdings Corporation | 386.371M | $0.500 | 0% | 22.66% |
