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Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Mercantile Bank Dividend Announcement

Mercantile Bank announced a quarterly dividend of $0.36 per ordinary share which will be made payable on 2024-12-18. Ex dividend date: 2024-12-06
Mercantile Bank annual dividend for 2024 was $1.42
Mercantile Bank annual dividend for 2023 was $1.34
Mercantile Bank's trailing twelve-month (TTM) dividend yield is 4.09%
Mercantile Bank's payout ratio for the trailing twelve months (TTM) is 27.18%
Mercantile Bank's dividend growth over the last five years (2018-2023) was -4.42% year
Mercantile Bank's dividend growth over the last ten years (2013-2023) was 11.53% year

Mercantile Bank Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-12-06$0.36quarterly2024-12-18
2024-09-06$0.36quarterly2024-09-18
2024-06-07$0.35quarterly2024-06-19
2024-02-29$0.35quarterly2024-03-13
2023-11-30$0.34quarterly2023-12-13
2023-08-31$0.34quarterly2023-09-13
2023-06-01$0.33quarterly2023-06-14
2023-03-02$0.33quarterly2023-03-15
2022-12-01$0.32quarterly2022-12-14
2022-09-01$0.32quarterly2022-09-14
2022-06-02$0.31quarterly2022-06-15
2022-03-03$0.31quarterly2022-03-16
2021-12-02$0.30quarterly2021-12-15
2021-09-02$0.30quarterly2021-09-15
2021-06-03$0.29quarterly2021-06-16
2021-03-04$0.29quarterly2021-03-17
2020-12-03$0.28quarterly2020-12-16
2020-09-03$0.28quarterly2020-09-16
2020-06-04$0.28quarterly2020-06-17
2020-03-05$0.28quarterly2020-03-18
2019-12-05$0.27quarterly2019-12-18
2019-09-05$0.27quarterly2019-09-18
2019-06-06$0.26quarterly2019-06-19
2019-03-07$0.26quarterly2019-03-20
2018-12-06$1.00quarterly2018-12-19
2018-09-06$0.24quarterly2018-09-19
2018-06-07$0.22quarterly2018-06-20
2018-03-08$0.22quarterly2018-03-21
2017-12-07$0.19quarterly2017-12-20
2017-09-07$0.19quarterly2017-09-20
2017-06-07$0.18quarterly2017-06-21
2017-03-08$0.18quarterly2017-03-22
2016-12-07$0.67quarterly2016-12-21
2016-09-07$0.17quarterly2016-09-21
2016-06-08$0.16quarterly2016-06-23
2016-03-09$0.16quarterly2016-03-23
2015-12-09$0.15quarterly2015-12-23
2015-09-09$0.15quarterly2015-09-23
2015-06-10$0.14quarterly2015-06-24
2015-03-11$0.14quarterly2015-03-25
2014-12-10$0.12quarterly2014-12-24
2014-09-10$0.12quarterly2014-09-24
2014-06-11$0.12quarterly2014-06-25
2014-05-20$2.00quarterly2014-05-29
2014-02-06$0.12quarterly2014-03-10
2013-11-06$0.12quarterly2013-12-10
2013-08-07$0.12quarterly2013-09-10
2013-05-08$0.11quarterly2013-06-10
2013-02-06$0.10quarterly2013-03-08

Mercantile Bank Dividend per year

Mercantile Bank Dividend growth

Mercantile Bank Dividend Yield

Mercantile Bank current trailing twelve-month (TTM) dividend yield is 4.09%. Interested in purchasing Mercantile Bank stock? Use our calculator to estimate your expected dividend yield:

Mercantile Bank Financial Ratios

P/E ratio8.68
PEG ratio-2.82
P/B ratio1.19
ROE14.59%
Payout ratio27.18%
Current ratio0.23
Quick ratio0.23
Cash Ratio0.06

Mercantile Bank Dividend FAQ

How much is the next Mercantile Bank dividend?
Mercantile Bank's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Mercantile Bank dividend. The next Mercantile Bank dividend will be released in March, June, August, or November.
When is Mercantile Bank dividend paid?
Mercantile Bank pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Mercantile Bank pay?
The specific amount of Mercantile Bank dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Mercantile Bank's dividend history.
Does Mercantile Bank stock pay dividends?
Yes, Mercantile Bank does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Mercantile Bank's dividend history.
How much dividend does Mercantile Bank pay?
Mercantile Bank paid $1.42 in 2024, $1.34 in 2023, $1.26 in 2022, $1.18 in 2021, and $1.12 in 2020.
How often does Mercantile Bank pay dividends?
Mercantile Bank typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, August, and November.
What is Mercantile Bank's dividend yield?
The current dividend yield for Mercantile Bank is 4.09%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Mercantile Bank's exact dividend yield.
When does Mercantile Bank go ex dividend?
Mercantile Bank's ex-dividend date for the latest dividend was on 2024-12-06. Mercantile Bank typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Mercantile Bank dividend paid?
Mercantile Bank pays dividends on a quarterly basis, typically around March, June, August, or November, but the exact dates can vary each year.
Will Mercantile Bank increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Mercantile Bank will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Mercantile Bank dividend per share?
Mercantile Bank paid $1.42 per share in 2024 and $1.34 per share in 2023. The amount of dividend per share that Mercantile Bank pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Mercantile Bank a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Mercantile Bank a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Mercantile Bank a dividend stock?
Yes, Mercantile Bank is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Mercantile Bank a good dividend stock?
Whether Mercantile Bank is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Mercantile Bank has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Mercantile Bank as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Mercantile Bank pay dividends monthly?
Mercantile Bank typically pays dividends on a quarterly basis.
Does Mercantile Bank pay dividends quarterly?
Mercantile Bank currently pays dividends on a quarterly basis.
Has Mercantile Bank ever paid a dividend?
Yes, Mercantile Bank has a history of paying dividends to its shareholders. Mercantile Bank is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Mercantile Bank dividend stocks?
To buy Mercantile Bank you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Mercantile Bank stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Mercantile Bank pay dividends 2024?
Mercantile Bank pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-18. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Mercantile Bank increase its dividend in 2024?
Decisions regarding Mercantile Bank dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Mercantile Bank dividend overview you can look into the above table of dividend history.
How Mercantile Bank dividend works?
The Mercantile Bank dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Mercantile Bank's dividend process works:

1. Determination of Dividend: Mercantile Bank's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Mercantile Bank publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Mercantile Bank distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Mercantile Bank are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Mercantile Bank dividends paid?
Mercantile Bank dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Mercantile Bank sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Mercantile Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Mercantile Bank declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Mercantile Bank pay dividends?
Mercantile Bank typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Mercantile Bank pay dividends?
The general pattern is that Mercantile Bank pays dividends around March, June, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Mercantile Bank dividend safe?
The safety of Mercantile Bank's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Mercantile Bank's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Mercantile Bank's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.