MBWMNasdaqGS
Mercantile Bank Corporation
$54.36
ListedJul 20, 1999
SectorFinancial Services
IndustryBanks — Regional
CountryUnited States
Employees766
StateMI| CityGrand Rapids| Address310 Leonard Street NW| Phone616 406 3000
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides 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; 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, the company offers courier services and safe deposit boxes; 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. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Key Indicators

Key financial and dividend metrics for this stock.

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P/E Ratio
9.5
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Div. Rate
$1.56
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Div. Yield
2.94%
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Payout Ratio
27.24%
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Max Consec. Div. Years
14 years
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Longest Consec. Div.
14 years
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Div. Coverage
85%
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Div. Stability Rate
0.09
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Div. Growth Rate
100.00%
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Score
94

Dividend History

Historical dividend payments by ex-dividend date.

Jun 5, 2026
$ 0.3900
Mar 6, 2026
$ 0.3900
Dec 5, 2025
$ 0.3800
Sep 5, 2025
$ 0.3800
Jun 6, 2025
$ 0.3700
Mar 7, 2025
$ 0.3700
Dec 6, 2024
$ 0.3600
Sep 6, 2024
$ 0.3600
Jun 7, 2024
$ 0.3500
Feb 29, 2024
$ 0.3500
Nov 30, 2023
$ 0.3400
Aug 31, 2023
$ 0.3400
Jun 1, 2023
$ 0.3300
Mar 2, 2023
$ 0.3300
Dec 1, 2022
$ 0.3200
Sep 1, 2022
$ 0.3200
Jun 2, 2022
$ 0.3100
Mar 3, 2022
$ 0.3100
Dec 2, 2021
$ 0.3000
Sep 2, 2021
$ 0.3000
Jun 3, 2021
$ 0.2900
Mar 4, 2021
$ 0.2900
Dec 3, 2020
$ 0.2800
Sep 3, 2020
$ 0.2800
Jun 4, 2020
$ 0.2800
Mar 5, 2020
$ 0.2800
Dec 5, 2019
$ 0.2700
Sep 5, 2019
$ 0.2700
Jun 6, 2019
$ 0.2600
Mar 7, 2019
$ 0.2600
Dec 6, 2018
$ 1.0000
Sep 6, 2018
$ 0.2400
Jun 7, 2018
$ 0.2200
Mar 8, 2018
$ 0.2200
Dec 7, 2017
$ 0.1900
Sep 7, 2017
$ 0.1900
Jun 7, 2017
$ 0.1800
Mar 8, 2017
$ 0.1800
Dec 7, 2016
$ 0.6700
Sep 7, 2016
$ 0.1700
Jun 8, 2016
$ 0.1600
Mar 9, 2016
$ 0.1600
Dec 9, 2015
$ 0.1500
Sep 9, 2015
$ 0.1500
Jun 10, 2015
$ 0.1400
Mar 11, 2015
$ 0.1400
Dec 10, 2014
$ 0.1200
Sep 10, 2014
$ 0.1200
Jun 11, 2014
$ 0.1200
May 20, 2014
$ 2.0000
Feb 6, 2014
$ 0.1200
Nov 6, 2013
$ 0.1200
Aug 7, 2013
$ 0.1200
May 8, 2013
$ 0.1100
Feb 6, 2013
$ 0.1000
Nov 7, 2012
$ 0.0900
Feb 8, 2010
$ 0.0100
Nov 6, 2009
$ 0.0100
Aug 6, 2009
$ 0.0100
May 6, 2009
$ 0.0100
Feb 6, 2009
$ 0.0400
Nov 6, 2008
$ 0.0400
Aug 6, 2008
$ 0.0400
May 7, 2008
$ 0.0800
Feb 6, 2008
$ 0.1500
Nov 7, 2007
$ 0.1400
Aug 8, 2007
$ 0.1400
May 8, 2007
$ 0.1400
Feb 7, 2007
$ 0.1333
Nov 8, 2006
$ 0.1238
Aug 8, 2006
$ 0.1238
May 15, 2006
$ 0.1238
Feb 8, 2006
$ 0.1088
Nov 8, 2005
$ 0.0998
Aug 8, 2005
$ 0.0998
May 6, 2005
$ 0.0950
Feb 8, 2005
$ 0.0864
Nov 8, 2004
$ 0.0777
Aug 6, 2004
$ 0.0777
May 6, 2004
$ 0.0777
Feb 6, 2004
$ 0.0740
Nov 6, 2003
$ 0.0658
Aug 7, 2003
$ 0.0658
May 8, 2003
$ 0.0658
Feb 6, 2003
$ 0.0658
Jan 15, 2003
$ 0.0691

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