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 28 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 | |
|---|---|---|---|---|---|
| 21 | Apr 16, 2019 | Jun 06, 2019 | Jun 19, 2019 | $0.260 | 0.81% |
| 22 | Jan 22, 2019 | Mar 07, 2019 | Mar 20, 2019 | $0.260 | 0.799% |
| 23 | Oct 16, 2018 | Dec 06, 2018 | Dec 19, 2018 | $1.00 | 3.56% |
| 24 | Jul 17, 2018 | Sep 06, 2018 | Sep 19, 2018 | $0.240 | 0.701% |
| 25 | Apr 17, 2018 | Jun 07, 2018 | Jun 20, 2018 | $0.220 | 0.587% |
| 26 | Jan 16, 2018 | Mar 08, 2018 | Mar 21, 2018 | $0.220 | 0.617% |
| 27 | Oct 17, 2017 | Dec 07, 2017 | Dec 20, 2017 | $0.190 | 0.518% |
| 28 | Jul 18, 2017 | Sep 07, 2017 | Sep 20, 2017 | $0.190 | 0.568% |
| 29 | Apr 18, 2017 | Jun 07, 2017 | Jun 21, 2017 | $0.180 | 0.570% |
| 30 | Jan 17, 2017 | Mar 08, 2017 | Mar 22, 2017 | $0.180 | 0.541% |
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 (1.83%). 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 (11.05%), 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% |
