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 | |
---|---|---|---|---|---|
41 | May 09, 2014 | Jun 11, 2014 | Jun 25, 2014 | $0.120 | 0.570% |
42 | May 12, 2014 | May 20, 2014 | May 29, 2014 | $2.00 | 9.49% |
43 | Jan 21, 2014 | Feb 06, 2014 | Mar 10, 2014 | $0.120 | 0.581% |
44 | Oct 15, 2013 | Nov 06, 2013 | Dec 10, 2013 | $0.120 | 0.581% |
45 | Jul 16, 2013 | Aug 07, 2013 | Sep 10, 2013 | $0.120 | 0.582% |
46 | Apr 11, 2013 | May 08, 2013 | Jun 10, 2013 | $0.110 | 0.655% |
47 | Jan 15, 2013 | Feb 06, 2013 | Mar 08, 2013 | $0.100 | 0.590% |
48 | Oct 16, 2012 | Nov 07, 2012 | Dec 10, 2012 | $0.0900 | 0.608% |
49 | Jan 19, 2010 | Feb 08, 2010 | Mar 10, 2010 | $0.0100 | 0.279% |
50 | Oct 20, 2009 | Nov 06, 2009 | Dec 10, 2009 | $0.0100 | 0.306% |
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% |