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MBWM

Mercantile Bank Corporation

NASDAQ Global Select· Quarterly dividend· Common Stock · Financial Services / Banks - Regional

$60.08 ▲ $0.35(0.59%) as of Aug 01, 2026 02:38 UTC
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Key Metrics

Current Yield

2.66%

The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.

Annualized Dividend

$1.6000

The most recent payment scaled to a full year by how often it's paid. A $0.25 quarterly dividend annualizes to $1.00.

Frequency

Q Quarterly

How often the dividend is paid: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.

Rank Score

69.9

Our 0-100 house score blending yield, payout safety, growth and momentum. Higher means a stronger profile on those factors in our model — a research score, not advice or a recommendation to buy.

RSI (14)

62

Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.

52-Week Range

$43.14 – $60.43

The lowest and highest price over the past year — shows where today's price sits in its recent range.

Payout Ratio

26.99%

The share of GAAP earnings paid out as dividends. Lower leaves more cushion; above 100% means paying out more than the company earns. It shows n/a for BDCs, REITs and funds, which pay out of cash flow / net investment income rather than GAAP earnings, so this ratio doesn't apply.

Years Paying

32

How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.

Price / Book

1.08

Price-to-book ratio: share price divided by book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.

S.A.F.E. Dividend Read

S.A.F.E. is our quick durability read on a dividend — the same four-check test used across the screener and our ranked lists. Solid: the payout is well covered and the overall model profile is strong. Accelerating: the dividend has grown over time, not stalled. Flawless: an unbroken record with no cuts or suspensions. Enduring: a long enough paying history to weather a cycle. All four met earns the S.A.F.E. flag.
S Solid
Below the Solid check (model rank 70+ and yield 2%+): rank 70/100, yield 2.66%.
A Accelerating
6 consecutive years of dividend increases.
F Flawless
A dividend cut or reduction appears in the record.
E Enduring
32 years of dividend payments on record.

Quote & Key Data

ExchangeNASDAQ Global SelectThe stock exchange where the shares trade, such as NYSE or Nasdaq.
Volume90,861How many shares changed hands in the latest session — a rough read on trading activity.
Open$59.69The price at the start of the latest trading session.
Day Range$59.25 – $61.63The lowest and highest price during the latest trading session.
Prev Close$59.73The closing price from the previous trading session.
Market Cap$782.29MThe company's total market value: share price times shares outstanding.
Shares Out13.02MThe total number of shares the company has issued.
EPS$5.46Earnings per share — profit divided by shares outstanding. Dividends are paid out of these earnings.
P/E11.0Price-to-earnings ratio: share price divided by earnings per share. A rough gauge of how richly the stock is valued.
Ex-DividendSep 04, 2026Buy before this date to receive the upcoming payment. Buy on or after it and the seller keeps that one.
Pay DateSep 16, 2026The date the dividend is actually paid into shareholders' accounts.

Dividend Growth

3-Yr Growth (CAGR)6.0%The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
5-Yr Growth (CAGR)6.0%The dividend's average annual growth rate over the period, compounded. Steady growth signals a healthy, rising payout.
Consecutive Increases6 yrsThe number of years in a row the dividend has increased — a track record of reliability.

Adjusted Price History

Dividend History

Dividend Payment History

Ex-dividend calendar →
Amount Type Declared Ex-Date Record Pay
$0.4000 Q Regular Jul 16, 2026 Sep 04, 2026 Sep 04, 2026 Sep 16, 2026
$0.3900 Q Regular Apr 16, 2026 Jun 05, 2026 Jun 05, 2026 Jun 17, 2026
$0.3900 Q Regular Jan 15, 2026 Mar 06, 2026 Mar 06, 2026 Mar 18, 2026
$0.3800 Q Regular Oct 16, 2025 Dec 05, 2025 Dec 05, 2025 Dec 17, 2025
$0.3800 Q Regular Jul 17, 2025 Sep 05, 2025 Sep 05, 2025 Sep 17, 2025
$0.3700 Q Regular Apr 17, 2025 Jun 06, 2025 Jun 06, 2025 Jun 18, 2025
$0.3700 Q Regular Jan 16, 2025 Mar 07, 2025 Mar 07, 2025 Mar 19, 2025
$0.3600 Q Regular Oct 10, 2024 Dec 06, 2024 Dec 06, 2024 Dec 18, 2024
$0.3600 Q Regular Jul 11, 2024 Sep 06, 2024 Sep 06, 2024 Sep 18, 2024
$0.3500 Q Regular Apr 11, 2024 Jun 07, 2024 Jun 07, 2024 Jun 19, 2024
$0.3500 Q Regular Jan 11, 2024 Feb 29, 2024 Mar 01, 2024 Mar 13, 2024
$0.3400 Q Regular Oct 12, 2023 Nov 30, 2023 Dec 01, 2023 Dec 13, 2023
$0.3400 Q Regular Jul 13, 2023 Aug 31, 2023 Sep 01, 2023 Sep 13, 2023
$0.3300 Q Regular Apr 13, 2023 Jun 01, 2023 Jun 02, 2023 Jun 14, 2023
$0.3300 Q Regular Jan 12, 2023 Mar 02, 2023 Mar 03, 2023 Mar 15, 2023
$0.3200 Q Regular Oct 13, 2022 Dec 01, 2022 Dec 02, 2022 Dec 14, 2022
$0.3200 Q Regular Jul 14, 2022 Sep 01, 2022 Sep 02, 2022 Sep 14, 2022
$0.3100 Q Regular Apr 14, 2022 Jun 02, 2022 Jun 03, 2022 Jun 15, 2022
$0.3100 Q Regular Jan 18, 2022 Mar 03, 2022 Mar 04, 2022 Mar 16, 2022
$0.3000 Q Regular Oct 19, 2021 Dec 02, 2021 Dec 03, 2021 Dec 15, 2021
$0.3000 Q Regular Jul 20, 2021 Sep 02, 2021 Sep 03, 2021 Sep 15, 2021
$0.2900 Q Regular Apr 15, 2021 Jun 03, 2021 Jun 04, 2021 Jun 16, 2021
$0.2900 Q Regular Jan 19, 2021 Mar 04, 2021 Mar 05, 2021 Mar 17, 2021
$0.2800 Q Regular Oct 15, 2020 Dec 03, 2020 Dec 04, 2020 Dec 16, 2020
$0.2800 Q Regular Jul 16, 2020 Sep 03, 2020 Sep 04, 2020 Sep 16, 2020
$0.2800 Q Regular Apr 16, 2020 Jun 04, 2020 Jun 05, 2020 Jun 17, 2020
$0.2800 Q Regular Jan 16, 2020 Mar 05, 2020 Mar 06, 2020 Mar 18, 2020
$0.2700 Q Regular Oct 10, 2019 Dec 05, 2019 Dec 06, 2019 Dec 18, 2019
$0.2700 Q Regular Jul 11, 2019 Sep 05, 2019 Sep 06, 2019 Sep 18, 2019
$0.2600 Q Regular Apr 11, 2019 Jun 06, 2019 Jun 07, 2019 Jun 19, 2019
$0.2600 Q Regular Jan 22, 2019 Mar 07, 2019 Mar 08, 2019 Mar 20, 2019
$1.0000 Q Regular Oct 11, 2018 Dec 06, 2018 Dec 07, 2018 Dec 19, 2018
$0.2400 Q Regular Jul 12, 2018 Sep 06, 2018 Sep 07, 2018 Sep 19, 2018
$0.2200 Q Regular Apr 12, 2018 Jun 07, 2018 Jun 08, 2018 Jun 20, 2018
$0.2200 Q Regular Jan 11, 2018 Mar 08, 2018 Mar 09, 2018 Mar 21, 2018
$0.1900 Q Regular Oct 17, 2017 Dec 07, 2017 Dec 08, 2017 Dec 20, 2017
$0.1900 Q Regular Jul 13, 2017 Sep 07, 2017 Sep 08, 2017 Sep 20, 2017
$0.1800 Q Regular Apr 18, 2017 Jun 07, 2017 Jun 09, 2017 Jun 21, 2017
$0.1800 Q Regular Jan 17, 2017 Mar 08, 2017 Mar 10, 2017 Mar 22, 2017
$0.6700 Q Regular Oct 13, 2016 Dec 07, 2016 Dec 09, 2016 Dec 21, 2016
$0.1700 Q Regular Jul 14, 2016 Sep 07, 2016 Sep 09, 2016 Sep 21, 2016
$0.1600 Q Regular Apr 19, 2016 Jun 08, 2016 Jun 10, 2016 Jun 23, 2016
$0.1600 Q Regular Jan 19, 2016 Mar 09, 2016 Mar 11, 2016 Mar 23, 2016
$0.1500 Q Regular Oct 20, 2015 Dec 09, 2015 Dec 11, 2015 Dec 23, 2015
$0.1500 Q Regular Jul 21, 2015 Sep 09, 2015 Sep 11, 2015 Sep 23, 2015
$0.1400 Q Regular Apr 16, 2015 Jun 10, 2015 Jun 12, 2015 Jun 24, 2015
$0.1400 Q Regular Jan 20, 2015 Mar 11, 2015 Mar 13, 2015 Mar 25, 2015
$0.1200 Q Regular Oct 16, 2014 Dec 10, 2014 Dec 12, 2014 Dec 24, 2014
$0.1200 Q Regular Jul 17, 2014 Sep 10, 2014 Sep 12, 2014 Sep 24, 2014
$0.1200 Q Regular May 09, 2014 Jun 11, 2014 Jun 13, 2014 Jun 25, 2014
$2.0000 S Regular May 09, 2014 May 20, 2014 May 22, 2014 May 29, 2014
$0.0600 M Regular Feb 20, 2014 Mar 07, 2014 Mar 11, 2014 Mar 27, 2014
$0.1200 Q Regular Jan 21, 2014 Feb 06, 2014 Feb 10, 2014 Mar 10, 2014
$0.0600 M Regular Dec 03, 2013 Dec 11, 2013 Dec 13, 2013 Dec 26, 2013
$0.1200 Q Regular Oct 10, 2013 Nov 06, 2013 Nov 08, 2013 Dec 10, 2013
$0.0600 M Regular Aug 27, 2013 Sep 06, 2013 Sep 10, 2013 Sep 26, 2013
$0.1200 Q Regular Jul 11, 2013 Aug 07, 2013 Aug 09, 2013 Sep 10, 2013
$0.0600 M Regular May 23, 2013 Jun 07, 2013 Jun 11, 2013 Jun 27, 2013
$0.1100 Q Regular Apr 11, 2013 May 08, 2013 May 10, 2013 Jun 10, 2013
$0.0600 M Regular Feb 26, 2013 Mar 08, 2013 Mar 12, 2013 Mar 28, 2013
$0.1000 Q Regular Jan 10, 2013 Feb 06, 2013 Feb 08, 2013 Mar 08, 2013
$0.2000 M Regular Dec 11, 2012 Dec 18, 2012 Dec 20, 2012 Dec 31, 2012
$0.0100 M Regular Oct 23, 2012 Nov 20, 2012 Nov 23, 2012 Dec 13, 2012
$0.0900 Q Regular Oct 16, 2012 Nov 07, 2012 Nov 09, 2012 Dec 10, 2012
$0.0100 Q Regular - Aug 22, 2012 Aug 24, 2012 Sep 13, 2012
$0.0100 Q Regular - May 23, 2012 May 25, 2012 Jun 14, 2012
$0.0600 Q Regular - Feb 22, 2012 Feb 24, 2012 Mar 15, 2012
$0.0100 Q Regular - Nov 22, 2011 Nov 25, 2011 Dec 15, 2011
$0.0100 Q Regular - Aug 24, 2011 Aug 26, 2011 Sep 15, 2011
$0.0100 Q Regular - May 25, 2011 May 27, 2011 Jun 16, 2011
$0.0100 Q Regular - Feb 23, 2011 Feb 25, 2011 Mar 17, 2011
$0.0100 Q Regular - Nov 23, 2010 Nov 26, 2010 Dec 16, 2010
$0.0100 Q Regular - Aug 25, 2010 Aug 27, 2010 Sep 16, 2010
$0.0100 Q Regular - May 26, 2010 May 28, 2010 Jun 17, 2010
$0.0500 Q Regular - Feb 17, 2010 Feb 19, 2010 Mar 11, 2010
$0.0100 Q Regular Jan 19, 2010 Feb 08, 2010 Feb 10, 2010 Mar 10, 2010
$0.1000 M Regular - Nov 24, 2009 Nov 27, 2009 Dec 17, 2009
$0.0100 Q Regular Oct 20, 2009 Nov 06, 2009 Nov 10, 2009 Dec 10, 2009
$0.1000 M Regular - Aug 26, 2009 Aug 28, 2009 Sep 17, 2009
$0.0100 Q Regular Jul 21, 2009 Aug 06, 2009 Aug 10, 2009 Sep 10, 2009
$0.1000 M Regular - May 20, 2009 May 22, 2009 Jun 11, 2009
$0.0100 Q Regular Apr 15, 2009 May 06, 2009 May 08, 2009 Jun 10, 2009
$0.1000 M Regular - Mar 04, 2009 Mar 06, 2009 Mar 19, 2009
$0.0400 Q Regular Jan 14, 2009 Feb 06, 2009 Feb 10, 2009 Mar 10, 2009
$0.2250 M Regular - Nov 19, 2008 Nov 21, 2008 Dec 11, 2008
$0.0400 Q Regular Oct 14, 2008 Nov 06, 2008 Nov 10, 2008 Dec 10, 2008
$0.2250 M Regular - Aug 20, 2008 Aug 22, 2008 Sep 11, 2008
$0.0400 Q Regular Jul 16, 2008 Aug 06, 2008 Aug 08, 2008 Sep 10, 2008
$0.2250 M Regular - May 21, 2008 May 23, 2008 Jun 12, 2008
$0.0800 Q Regular Apr 09, 2008 May 07, 2008 May 09, 2008 Jun 10, 2008
$0.2250 M Regular - Feb 20, 2008 Feb 22, 2008 Mar 13, 2008
$0.1500 Q Regular Jan 09, 2008 Feb 06, 2008 Feb 08, 2008 Mar 10, 2008
$0.2250 M Regular - Nov 20, 2007 Nov 23, 2007 Dec 06, 2007
$0.1400 Q Regular Oct 10, 2007 Nov 07, 2007 Nov 09, 2007 Dec 10, 2007
$0.2250 M Regular - Aug 22, 2007 Aug 24, 2007 Sep 13, 2007
$0.1400 Q Regular Jul 11, 2007 Aug 08, 2007 Aug 10, 2007 Sep 10, 2007
$0.2250 M Regular - May 23, 2007 May 25, 2007 Jun 14, 2007
$0.1333 Q Regular Apr 11, 2007 May 08, 2007 May 10, 2007 Jun 08, 2007
$0.2250 M Regular - Feb 21, 2007 Feb 23, 2007 Mar 15, 2007
$0.1400 Q Regular Jan 10, 2007 Feb 07, 2007 Feb 09, 2007 Mar 09, 2007
$0.2250 M Regular - Nov 20, 2006 Nov 23, 2006 Dec 07, 2006
$0.1300 Q Regular Oct 11, 2006 Nov 08, 2006 Nov 10, 2006 Dec 08, 2006
$0.2250 M Regular - Aug 23, 2006 Aug 25, 2006 Sep 14, 2006
$0.1300 Q Regular Jul 12, 2006 Aug 08, 2006 Aug 10, 2006 Sep 08, 2006
$0.2250 I Regular - May 24, 2006 May 26, 2006 Jun 15, 2006
$0.1300 Q Regular Apr 12, 2006 May 15, 2006 May 17, 2006 Jun 09, 2006
$0.2200 M Regular - Feb 22, 2006 Feb 24, 2006 Mar 16, 2006
$0.1200 Q Regular Jan 11, 2006 Feb 08, 2006 Feb 10, 2006 Mar 10, 2006
$0.2200 M Regular - Nov 21, 2005 Nov 24, 2005 Dec 08, 2005
$0.1100 Q Regular Oct 10, 2005 Nov 08, 2005 Nov 10, 2005 Dec 09, 2005
$0.2200 M Regular - Aug 24, 2005 Aug 26, 2005 Sep 15, 2005
$0.1048 Q Regular Jul 08, 2005 Aug 08, 2005 Aug 10, 2005 Sep 09, 2005
$0.2200 M Regular - May 25, 2005 May 27, 2005 Jun 16, 2005
$0.1100 Q Regular Apr 07, 2005 May 06, 2005 May 10, 2005 Jun 10, 2005
$0.2100 M Regular - Feb 23, 2005 Feb 25, 2005 Mar 17, 2005
$0.1000 Q Regular Jan 12, 2005 Feb 08, 2005 Feb 10, 2005 Mar 10, 2005
$0.2100 M Regular - Nov 22, 2004 Nov 25, 2004 Dec 09, 2004
$0.0900 Q Regular Oct 07, 2004 Nov 08, 2004 Nov 10, 2004 Dec 10, 2004
$0.2100 M Regular - Aug 25, 2004 Aug 27, 2004 Sep 16, 2004
$0.0900 Q Regular Jul 08, 2004 Aug 06, 2004 Aug 10, 2004 Sep 10, 2004
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