MBWM Dividend History & Yield
Mercantile Bank Corporation · NasdaqGS
Upcoming dividend payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Fri, Dec 4, 2026 (in 86 days) | Dec 16, 2026 | $0.40 | $40.00 | Estimated |
| Fri, Mar 5, 2027 (in 177 days) | Mar 17, 2027 | $0.40 | $40.00 | Estimated |
| Fri, Jun 4, 2027 (in 268 days) | Jun 16, 2027 | $0.40 | $40.00 | Estimated |
| Fri, Sep 3, 2027 (in 359 days) | Sep 15, 2027 | $0.40 | $40.00 | Estimated |
Estimated dates and amounts are projected from MBWM's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $1.60 per share.
Dividend payment history
Last 40 payments per share. RegularSpecial
Annual dividends per share
How much MBWM do you need for monthly income?
| Target income | Shares needed | Capital at today's price | Per year |
|---|---|---|---|
| $100 / month | 750 | $45,532 | $1,200 |
| $500 / month | 3,750 | $227,662 | $6,000 |
| $1,000 / month | 7,500 | $455,325 | $12,000 |
Based on the forward yield of 2.64%. $10,000 in MBWM would currently pay about $264 a year ($22 a month on average). Model reinvestment and growth →
MBWM dividend history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Sep 4, 2026 | Sep 16, 2026 | $0.40 | +2.6% |
| Jun 5, 2026 | Jun 17, 2026 | $0.39 | +0.0% |
| Mar 6, 2026 | Mar 18, 2026 | $0.39 | +2.6% |
| Dec 5, 2025 | Dec 17, 2025 | $0.38 | +0.0% |
| Sep 5, 2025 | Sep 17, 2025 | $0.38 | +2.7% |
| Jun 6, 2025 | Jun 18, 2025 | $0.37 | +0.0% |
| Mar 7, 2025 | Mar 19, 2025 | $0.37 | +2.8% |
| Dec 6, 2024 | Dec 18, 2024 | $0.36 | +0.0% |
| Sep 6, 2024 | Sep 18, 2024 | $0.36 | +2.9% |
| Jun 7, 2024 | Jun 19, 2024 | $0.35 | +0.0% |
| Feb 29, 2024 | Mar 13, 2024 | $0.35 | +2.9% |
| Nov 30, 2023 | Dec 13, 2023 | $0.34 | +0.0% |
| Aug 31, 2023 | Sep 13, 2023 | $0.34 | +3.0% |
| Jun 1, 2023 | Jun 14, 2023 | $0.33 | +0.0% |
| Mar 2, 2023 | Mar 15, 2023 | $0.33 | +3.1% |
| Dec 1, 2022 | Dec 14, 2022 | $0.32 | +0.0% |
| Sep 1, 2022 | Sep 14, 2022 | $0.32 | +3.2% |
| Jun 2, 2022 | Jun 15, 2022 | $0.31 | +0.0% |
| Mar 3, 2022 | Mar 16, 2022 | $0.31 | +3.3% |
| Dec 2, 2021 | Dec 15, 2021 | $0.30 | +0.0% |
| Sep 2, 2021 | Sep 15, 2021 | $0.30 | +3.4% |
| Jun 3, 2021 | Jun 16, 2021 | $0.29 | +0.0% |
| Mar 4, 2021 | Mar 17, 2021 | $0.29 | +3.6% |
| Dec 3, 2020 | Dec 16, 2020 | $0.28 | +0.0% |
| Sep 3, 2020 | Sep 16, 2020 | $0.28 | +0.0% |
| Jun 4, 2020 | Jun 17, 2020 | $0.28 | +0.0% |
| Mar 5, 2020 | Mar 18, 2020 | $0.28 | +3.7% |
| Dec 5, 2019 | Dec 18, 2019 | $0.27 | +0.0% |
| Sep 5, 2019 | Sep 18, 2019 | $0.27 | +3.8% |
| Jun 6, 2019 | Jun 19, 2019 | $0.26 | +0.0% |
| Mar 7, 2019 | Mar 20, 2019 | $0.26 | +8.3% |
| Dec 6, 2018 | Dec 19, 2018 | $1.00 Special | — |
| Sep 6, 2018 | Sep 19, 2018 | $0.24 | +9.1% |
| Jun 7, 2018 | Jun 20, 2018 | $0.22 | +0.0% |
| Mar 8, 2018 | Mar 21, 2018 | $0.22 | +15.8% |
| Dec 7, 2017 | Dec 20, 2017 | $0.19 | +0.0% |
| Sep 7, 2017 | Sep 20, 2017 | $0.19 | +5.6% |
| Jun 7, 2017 | Jun 21, 2017 | $0.18 | +0.0% |
| Mar 8, 2017 | Mar 22, 2017 | $0.18 | +5.9% |
| Dec 7, 2016 | Dec 21, 2016 | $0.67 Special | — |
| Sep 7, 2016 | Sep 21, 2016 | $0.17 | +6.2% |
| Jun 8, 2016 | Jun 23, 2016 | $0.16 | +0.0% |
| Mar 9, 2016 | Mar 23, 2016 | $0.16 | +6.7% |
| Dec 9, 2015 | Dec 23, 2015 | $0.15 | +0.0% |
| Sep 9, 2015 | Sep 23, 2015 | $0.15 | +7.1% |
| Jun 10, 2015 | Jun 24, 2015 | $0.14 | +0.0% |
| Mar 11, 2015 | Mar 25, 2015 | $0.14 | +16.7% |
| Dec 10, 2014 | Dec 24, 2014 | $0.12 | +0.0% |
| Sep 10, 2014 | Sep 24, 2014 | $0.12 | +0.0% |
| Jun 11, 2014 | Jun 25, 2014 | $0.12 | +0.0% |
| May 20, 2014 | May 29, 2014 | $2.00 Special | — |
| Feb 6, 2014 | Mar 10, 2014 | $0.12 | +0.0% |
| Nov 6, 2013 | Dec 10, 2013 | $0.12 | +0.0% |
| Aug 7, 2013 | Sep 10, 2013 | $0.12 | +9.1% |
| May 8, 2013 | — | $0.11 | +10.0% |
| Feb 6, 2013 | Mar 8, 2013 | $0.10 | +11.1% |
| Nov 7, 2012 | — | $0.09 | +800.0% |
| Feb 8, 2010 | — | $0.01 | +0.0% |
| Nov 6, 2009 | — | $0.01 | +0.0% |
| Aug 6, 2009 | — | $0.01 | +0.0% |
| May 6, 2009 | — | $0.01 | -75.0% |
| Feb 6, 2009 | — | $0.04 | +0.0% |
| Nov 6, 2008 | — | $0.04 | +0.0% |
| Aug 6, 2008 | — | $0.04 | -50.0% |
| May 7, 2008 | — | $0.08 | -46.7% |
| Feb 6, 2008 | — | $0.15 | +7.1% |
| Nov 7, 2007 | — | $0.14 | +0.0% |
| Aug 8, 2007 | — | $0.14 | +0.0% |
| May 8, 2007 | — | $0.14 | +5.0% |
| Feb 7, 2007 | — | $0.1333 | +7.7% |
| Nov 8, 2006 | — | $0.1238 | +0.0% |
| Aug 8, 2006 | — | $0.1238 | +0.0% |
| May 15, 2006 | — | $0.1238 | +13.7% |
| Feb 8, 2006 | — | $0.1088 | +9.1% |
| Nov 8, 2005 | — | $0.0998 | +0.0% |
| Aug 8, 2005 | — | $0.0998 | +5.0% |
| May 6, 2005 | — | $0.095 | +10.0% |
| Feb 8, 2005 | — | $0.0864 | +11.1% |
| Nov 8, 2004 | — | $0.0777 | +0.0% |
| Aug 6, 2004 | — | $0.0777 | +0.0% |
| May 6, 2004 | — | $0.0777 | +5.0% |
| Feb 6, 2004 | — | $0.074 | +12.5% |
| Nov 6, 2003 | — | $0.0658 | +0.0% |
| Aug 7, 2003 | — | $0.0658 | +0.0% |
| May 8, 2003 | — | $0.0658 | +0.0% |
| Feb 6, 2003 | — | $0.0658 | -4.8% |
| Jan 15, 2003 | — | $0.0691 | — |
MBWM dividend increases & cuts
Market-wide changes →No change to MBWM's regular dividend detected in the last year of data.
Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.
Payout risk check
MBWM scores 0/100 on our yield-trap heuristic (low risk).
No warning flags: the payout ratio, yield level, 5-year cut history and price trend all look ordinary.
This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.
About Mercantile Bank Corporation
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.
Sector: Financial Services. Industry: Banks - Regional. First dividend on our records: Jan 15, 2003. 87 payments tracked. Data last refreshed Sep 8, 2026. Spotted a mistake? Report it and we'll fix it.
MBWM dividend FAQ
When is MBWM's next ex-dividend date?
MBWM's next ex-dividend date is Dec 4, 2026 (in 86 days, estimated from its quarterly schedule). You must own the shares before that date to receive the payment of about $0.40 per share, expected on Dec 16, 2026.
How often does MBWM pay dividends?
MBWM pays dividends every quarter, 4 times a year. The most recent payment was $0.40 per share with an ex-date of Sep 4, 2026.
What is MBWM's dividend yield?
MBWM's trailing 12-month dividend yield is 2.57%, based on $1.56 per share paid over the last year and a share price of $60.71. The forward yield, using the indicated annual rate of $1.60 per share, is 2.64%.
How much does MBWM pay per share?
MBWM pays about $0.40 per share each quarter, which works out to roughly $1.60 per share a year. 100 shares would collect about $160.00 a year.
Has MBWM grown or cut its dividend?
MBWM has raised its annual dividend for 11 consecutive years. Over the last 5 years the regular payout has grown at 6.1% a year (+5.4% over the last year). There has been no cut to a regular payment in the last 5 years.
How many shares of MBWM do I need to earn $100 a month?
At the current forward yield of 2.64%, you would need about 750 shares of MBWM (roughly $45,532 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every quarter, so the monthly figure is an average.
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