Mercantile Bank (MBWM) | Dividend History & Payments | 2003 - 2026
Mercantile Bank Corporation Small-cap Financial Services
TL;DR: Mercantile Bank Dividend Yield, Payout Ratio & Key Metrics
Mercantile Bank has paid $1.89 per share over the last 12 months, representing a current dividend yield of 3.70%. The company's 3-year average dividend yield stands at 0.89%. Over the past 3 years, the company has distributed a total of $4.65 per share in dividends.
Last Ex-Dividend Date
Mar 6, 2026
12-Month Dividend
$1.89
12-Month Div. Yield
3.70%
3-Year Total Dividend
$4.65
3-Year Avg Dividend
$1.55
3-Year Avg Yield
0.89%
Last 5Y Dividend
$6.51
All Time Dividend
$16.39
Date Range
Feb 2003 - Mar 2026
Mercantile Bank Yearly Dividend History Chart
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Mercantile Bank Dividend History From 2003 - 2026
Yearly Dividend Summary
| Year | Payments | Total Amount | Avg Amount | Avg Yield |
|---|---|---|---|---|
| 2026 | 1 | $0.39 | $0.39 | 0.76% |
| 2025 | 4 | $1.50 | $0.38 | 3.23% |
| 2024 | 4 | $1.42 | $0.36 | 3.43% |
| 2023 | 4 | $1.34 | $0.34 | 4.01% |
| 2022 | 4 | $1.26 | $0.32 | 3.69% |
| 2021 | 4 | $1.18 | $0.30 | 3.68% |
| 2020 | 4 | $1.12 | $0.28 | 4.49% |
| 2019 | 4 | $1.06 | $0.26 | 3.25% |
| 2018 | 4 | $1.68 | $0.42 | 4.94% |
| 2017 | 4 | $0.74 | $0.18 | 2.28% |
| 2016 | 4 | $1.16 | $0.29 | 4.20% |
| 2015 | 4 | $0.58 | $0.14 | 2.76% |
| 2014 | 5 | $2.48 | $0.50 | 12.54% |
| 2013 | 3 | $0.34 | $0.11 | 1.77% |
| 2003 | 2 | $0.14 | $0.07 | 0.64% |
Detailed Dividend History
| Ex-Date | Amount | Yield | Stock Price |
|---|---|---|---|
| Mar 6, 2026 | $0.39 | 0.76% | $51.12 |
| Dec 5, 2025 | $0.38 | 0.77% | $49.56 |
| Sep 5, 2025 | $0.38 | 0.80% | $47.72 |
| Jun 6, 2025 | $0.37 | 0.85% | $43.52 |
| Mar 7, 2025 | $0.37 | 0.83% | $44.71 |
| Dec 6, 2024 | $0.36 | 0.73% | $49.15 |
| Sep 6, 2024 | $0.36 | 0.82% | $44.16 |
| Jun 7, 2024 | $0.35 | 0.97% | $36.10 |
| Feb 29, 2024 | $0.35 | 0.96% | $36.38 |
| Nov 30, 2023 | $0.34 | 0.94% | $36.24 |
| Aug 31, 2023 | $0.34 | 0.99% | $34.24 |
| Jun 1, 2023 | $0.33 | 1.16% | $28.57 |
| Mar 2, 2023 | $0.33 | 0.96% | $34.46 |
| Dec 1, 2022 | $0.32 | 0.93% | $34.46 |
| Sep 1, 2022 | $0.32 | 0.97% | $32.98 |
| Jun 2, 2022 | $0.31 | 0.95% | $32.47 |
| Mar 3, 2022 | $0.31 | 0.84% | $36.71 |
| Dec 2, 2021 | $0.30 | 0.90% | $33.32 |
| Sep 2, 2021 | $0.30 | 0.97% | $30.89 |
| Jun 3, 2021 | $0.29 | 0.90% | $32.29 |
| Mar 4, 2021 | $0.29 | 0.91% | $31.85 |
| Dec 3, 2020 | $0.28 | 1.09% | $25.68 |
| Sep 3, 2020 | $0.28 | 1.29% | $21.72 |
| Jun 4, 2020 | $0.28 | 1.13% | $24.72 |
| Mar 5, 2020 | $0.28 | 1.02% | $27.58 |
| Dec 5, 2019 | $0.27 | 0.77% | $35.28 |
| Sep 5, 2019 | $0.27 | 0.88% | $30.63 |
| Jun 6, 2019 | $0.26 | 0.83% | $31.43 |
| Mar 7, 2019 | $0.26 | 0.78% | $33.22 |
| Dec 6, 2018 | $1.00 | 3.50% | $28.57 |
| Sep 6, 2018 | $0.24 | 0.69% | $34.60 |
| Jun 7, 2018 | $0.22 | 0.59% | $37.11 |
| Mar 8, 2018 | $0.22 | 0.62% | $35.62 |
| Dec 7, 2017 | $0.19 | 0.54% | $35.25 |
| Sep 7, 2017 | $0.19 | 0.65% | $29.27 |
| Jun 7, 2017 | $0.18 | 0.54% | $33.55 |
| Mar 8, 2017 | $0.18 | 0.57% | $31.82 |
| Dec 7, 2016 | $0.67 | 1.85% | $36.26 |
| Sep 7, 2016 | $0.17 | 0.64% | $26.66 |
| Jun 8, 2016 | $0.16 | 0.65% | $24.53 |
| Mar 9, 2016 | $0.16 | 0.70% | $22.99 |
| Dec 9, 2015 | $0.15 | 0.62% | $24.18 |
| Sep 9, 2015 | $0.15 | 0.74% | $20.17 |
| Jun 10, 2015 | $0.14 | 0.69% | $20.16 |
| Mar 11, 2015 | $0.14 | 0.71% | $19.62 |
| Dec 10, 2014 | $0.12 | 0.61% | $19.61 |
| Sep 10, 2014 | $0.12 | 0.63% | $19.00 |
| Jun 11, 2014 | $0.12 | 0.60% | $19.90 |
| May 20, 2014 | $2.00 | 9.56% | $20.91 |
| Feb 6, 2014 | $0.12 | 0.62% | $19.49 |
| Nov 6, 2013 | $0.12 | 0.54% | $22.04 |
| Aug 7, 2013 | $0.12 | 0.64% | $18.70 |
| Feb 6, 2013 | $0.10 | 0.59% | $16.89 |
| May 8, 2003 | $0.07 | 0.31% | $22.44 |
| Feb 6, 2003 | $0.07 | 0.33% | $21.17 |
Frequently Asked Questions
- For how long has Mercantile Bank been paying dividends and how much has it paid in total?
- Mercantile Bank has been paying dividends for 23 years, from 2003 to 2026. Over this period, the company has distributed a total of $16.39 per share in dividends to its shareholders, demonstrating consistent commitment to returning value to investors.
- When was Mercantile Bank's last dividend payment and how much was paid per share?
- Mercantile Bank's most recent dividend payment was $0.39 per share, with an ex-dividend date of March 6, 2026. Investors who owned the stock before this date were entitled to receive this dividend payment.
- What was Mercantile Bank's highest annual dividend payment year and what amount was paid?
- Mercantile Bank's highest annual dividend was paid in 2014, when the company distributed $2.48 per share across 5 payments throughout the year. This represented the peak of the company's dividend generosity and reflects strong financial performance during that period.
- How do Mercantile Bank's dividend payments in 2024 compare to 2025?
- Comparing Mercantile Bank's dividend payments, the company paid $1.42 per share in 2024 versus $1.50 per share in 2025, representing an increase of $0.08. This year-over-year comparison helps investors understand the trajectory of the company's dividend policy.
- How much would a $10,000.00 investment in Mercantile Bank have generated in dividends over the past 10 years?
- Over the past 10 years, Mercantile Bank has paid a total of $12.53 per share in dividends. Based on current stock price estimates, a $10,000.00 investment would have generated approximately $2,330.73 in dividend income during this period, demonstrating the value of dividend investing for long-term investors.
For more common questions about our data, please visit our About Data page.
Dividend data is provided for informational purposes only. Ex-dates, amounts, and yields may be subject to adjustments. Devyara does not guarantee the accuracy of the dividend data displayed.