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
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 27 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 | |
---|---|---|---|---|---|
11 | Oct 19, 2021 | Dec 02, 2021 | Dec 15, 2021 | $0.300 | 0.87% |
12 | Jul 20, 2021 | Sep 02, 2021 | Sep 15, 2021 | $0.300 | 1.00% |
13 | Apr 20, 2021 | Jun 03, 2021 | Jun 16, 2021 | $0.290 | 0.91% |
14 | Jan 19, 2021 | Mar 04, 2021 | Mar 17, 2021 | $0.290 | 0.89% |
15 | Oct 20, 2020 | Dec 03, 2020 | Dec 16, 2020 | $0.280 | 1.06% |
16 | Jul 21, 2020 | Sep 03, 2020 | Sep 16, 2020 | $0.280 | 1.40% |
17 | Apr 21, 2020 | Jun 04, 2020 | Jun 17, 2020 | $0.280 | 1.28% |
18 | Jan 21, 2020 | Mar 05, 2020 | Mar 18, 2020 | $0.280 | 1.25% |
19 | Oct 15, 2019 | Dec 05, 2019 | Dec 18, 2019 | $0.270 | 0.732% |
20 | Jul 16, 2019 | Sep 05, 2019 | Sep 18, 2019 | $0.270 | 0.80% |
Dividend Sustainability
With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.
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 (1.85%). 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 (11.02%), 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 | 280.361M | $0.300 | 6.71% | 37.11% | |
The First of Long Island Corporation | 235.858M | $0.210 | 5.55% | 39.17% | |
First Community Bancshares | 654.119M | $0.290 | 4.57% | 33.38% | |
Independent Bank Corporation | 533.011M | $0.240 | 4.11% | 31.36% | |
Mercantile Bank Corporation | 637.739M | $0.350 | 3.99% | 19.13% | |
Bank First National Corporation | 833.158M | $0.350 | 1.54% | 11.79% | |
Atlanticus Holdings Corporation | 417.311M | $0.500 | 0% | 22.66% |