Mercantile Bank Corp (MBWM)
STATE COMMERCIAL BANKS · XNAS · $1.0B market cap
$61.56 as of Aug 14, 2026
Yield (TTM)2.5%
Annual dividend$1.54
Growth streak6 yrs
3y growth5.8%
5y growth6.2%
FrequencyQuarterly
Last ex-divSep 4, 2026
Last paidSep 16, 2026
Mercantile Bank Corp (MBWM) has raised its dividend for 6 consecutive years and currently yields 2.5%. MBWM pays quarterly; the most recent ex-dividend date was Sep 4, 2026.
Dividend history
| Ex-date | Pay date | Amount | Frequency |
|---|---|---|---|
| 2026 | |||
| 2026-09-04 | 2026-09-16 | $0.400 | Quarterly |
| 2026-06-05 | 2026-06-17 | $0.390 | Quarterly |
| 2026-03-06 | 2026-03-18 | $0.390 | Quarterly |
| 2026 total | $1.180 | ||
| 2025 | |||
| 2025-12-05 | 2025-12-17 | $0.380 | Quarterly |
| 2025-09-05 | 2025-09-17 | $0.380 | Quarterly |
| 2025-06-06 | 2025-06-18 | $0.370 | Quarterly |
| 2025-03-07 | 2025-03-19 | $0.370 | Quarterly |
| 2025 total | $1.500 | ||
| 2024 | |||
| 2024-12-06 | 2024-12-18 | $0.360 | Quarterly |
| 2024-09-06 | 2024-09-18 | $0.360 | Quarterly |
| 2024-06-07 | 2024-06-19 | $0.350 | Quarterly |
| 2024-02-29 | 2024-03-13 | $0.350 | Quarterly |
| 2024 total | $1.420 | ||
| 2023 | |||
| 2023-11-30 | 2023-12-13 | $0.340 | Quarterly |
| 2023-08-31 | 2023-09-13 | $0.340 | Quarterly |
| 2023-06-01 | 2023-06-14 | $0.330 | Quarterly |
| 2023-03-02 | 2023-03-15 | $0.330 | Quarterly |
| 2023 total | $1.340 | ||
| 2022 | |||
| 2022-12-01 | 2022-12-14 | $0.320 | Quarterly |
| 2022-09-01 | 2022-09-14 | $0.320 | Quarterly |
| 2022-06-02 | 2022-06-15 | $0.310 | Quarterly |
| 2022-03-03 | 2022-03-16 | $0.310 | Quarterly |
| 2022 total | $1.260 | ||
| 2021 | |||
| 2021-12-02 | 2021-12-15 | $0.300 | Quarterly |
| 2021-09-02 | 2021-09-15 | $0.300 | Quarterly |
| 2021-06-03 | 2021-06-16 | $0.290 | Quarterly |
| 2021-03-04 | 2021-03-17 | $0.290 | Quarterly |
| 2021 total | $1.180 | ||
| 2020 | |||
| 2020-12-03 | 2020-12-16 | $0.280 | Quarterly |
| 2020-09-03 | 2020-09-16 | $0.280 | Quarterly |
| 2020-06-04 | 2020-06-17 | $0.280 | Quarterly |
| 2020-03-05 | 2020-03-18 | $0.280 | Quarterly |
| 2020 total | $1.120 | ||
| 2019 | |||
| 2019-12-05 | 2019-12-18 | $0.270 | Quarterly |
| 2019-09-05 | 2019-09-18 | $0.270 | Quarterly |
| 2019-06-06 | 2019-06-19 | $0.260 | Quarterly |
| 2019-03-07 | 2019-03-20 | $0.260 | Quarterly |
| 2019 total | $1.060 | ||
| 2018 | |||
| 2018-12-06 | 2018-12-19 | $0.750 | Irregular |
| 2018-09-06 | 2018-09-19 | $0.240 | Quarterly |
| 2018-06-07 | 2018-06-20 | $0.220 | Quarterly |
| 2018-03-08 | 2018-03-21 | $0.220 | Quarterly |
| 2018 total | $1.430 | ||
| 2017 | |||
| 2017-12-07 | 2017-12-20 | $0.190 | Quarterly |
| 2017-09-07 | 2017-09-20 | $0.190 | Quarterly |
| 2017-06-07 | 2017-06-21 | $0.180 | Quarterly |
| 2017-03-08 | 2017-03-22 | $0.180 | Quarterly |
| 2017 total | $0.740 | ||
| 2016 | |||
| 2016-12-07 | 2016-12-21 | $0.170 | Quarterly |
| 2016-09-07 | 2016-09-21 | $0.170 | Quarterly |
| 2016-06-08 | 2016-06-23 | $0.160 | Quarterly |
| 2016-03-09 | 2016-03-23 | $0.160 | Quarterly |
| 2016 total | $0.660 | ||
| 2015 | |||
| 2015-12-09 | 2015-12-23 | $0.150 | Quarterly |
| 2015-09-09 | 2015-09-23 | $0.150 | Quarterly |
| 2015-06-10 | 2015-06-24 | $0.140 | Quarterly |
| 2015-03-11 | 2015-03-25 | $0.140 | Quarterly |
| 2015 total | $0.580 | ||
| 2014 | |||
| 2014-12-10 | 2014-12-24 | $0.120 | Quarterly |
| 2014-09-10 | 2014-09-24 | $0.120 | Quarterly |
| 2014-06-11 | 2014-06-25 | $0.120 | Quarterly |
| 2014-05-20 | 2014-05-29 | $2.000 | Irregular |
| 2014-02-06 | 2014-03-10 | $0.120 | Quarterly |
| 2014 total | $2.480 | ||
| 2013 | |||
| 2013-11-06 | 2013-12-10 | $0.120 | Quarterly |
| 2013-08-07 | 2013-09-10 | $0.120 | Quarterly |
| 2013-05-08 | 2013-06-10 | $0.110 | Quarterly |
| 2013-02-06 | 2013-03-08 | $0.100 | Quarterly |
| 2013 total | $0.450 | ||
| 2012 | |||
| 2012-11-07 | 2012-12-10 | $0.090 | Quarterly |
| 2012 total | $0.090 | ||
| 2010 | |||
| 2010-02-08 | 2010-03-10 | $0.010 | Quarterly |
| 2010 total | $0.010 | ||
| 2009 | |||
| 2009-11-06 | 2009-12-10 | $0.010 | Quarterly |
| 2009-08-06 | 2009-09-10 | $0.010 | Quarterly |
| 2009-05-06 | 2009-06-10 | $0.010 | Quarterly |
| 2009-02-06 | 2009-03-10 | $0.040 | Quarterly |
| 2009 total | $0.070 | ||
| 2008 | |||
| 2008-11-06 | 2008-12-10 | $0.040 | Quarterly |
| 2008-08-06 | 2008-09-10 | $0.040 | Quarterly |
| 2008-05-07 | 2008-06-10 | $0.080 | Quarterly |
| 2008-02-06 | 2008-03-10 | $0.150 | Quarterly |
| 2008 total | $0.310 | ||
| 2007 | |||
| 2007-11-07 | 2007-12-10 | $0.140 | Quarterly |
| 2007-08-08 | 2007-09-10 | $0.140 | Quarterly |
| 2007-05-08 | 2007-06-08 | $0.140 | Quarterly |
| 2007-02-07 | 2007-03-09 | $0.140 | Quarterly |
| 2007 total | $0.560 | ||
| 2006 | |||
| 2006-11-08 | 2006-12-08 | $0.130 | Quarterly |
| 2006-08-08 | 2006-09-08 | $0.130 | Quarterly |
| 2006-05-15 | 2006-06-09 | $0.130 | Quarterly |
| 2006-02-08 | 2006-03-10 | $0.120 | Irregular |
| 2006 total | $0.510 | ||
| 2005 | |||
| 2005-11-08 | 2005-12-09 | $0.110 | Irregular |
| 2005-08-08 | 2005-09-09 | $0.110 | Irregular |
| 2005-05-06 | 2005-06-10 | $0.110 | Irregular |
| 2005-02-08 | 2005-03-10 | $0.100 | Irregular |
| 2005 total | $0.430 | ||
| 2004 | |||
| 2004-11-08 | 2004-12-10 | $0.090 | Irregular |
| 2004-08-06 | 2004-09-10 | $0.090 | Irregular |
| 2004-05-06 | 2004-06-10 | $0.090 | Irregular |
| 2004-02-06 | 2004-03-10 | $0.090 | Irregular |
| 2004 total | $0.360 | ||