MBWM Mercantile Bank Corp

  • STOCK
  • MBWM
  • Price as of: Dec 02, 06:55 PM EST
  • $32.56
  • -$0.34
  • -1.0%
  • Industry
  • Regional - midwest banks
Share

MBWM Stock Dividend Data

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  • Dividend Yield
    6.14% Financial Average 3.95%
  • Annualized Payout
    $2.00 Paid Quarterly
  • Payout Ratio
    104.2% EPS $1.92
  • Dividend Growth
    3 yrs Since 2013
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Upcoming Dividend Payouts

MBWM Upcoming Dividend Payouts

Next Ex-Dividend Date
Dec 07
Date
$0.50
Amount
Dividend Shot Clock®
Dec 7, 2016
Dec 07, 2016
Date has passed
Next Ex-Dividend Date
Next Pay Date
Amount Declare Date Ex-Dividend Date ▲ Record Date Pay Date Payout Type
$0.5000 2016-10-13 2016-12-07 2016-12-09 2016-12-21 Special
$0.1700 2016-10-13 2016-12-07 2016-12-09 2016-12-21 Regular
DARS Rating™ Breakdown

Dividend.com DARS Rating™ Breakdown for MBWM

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Metric MBWM Rank MBWM Avg Ranking Notes
Relative Strength 1 year return is slightly above Benchmark/Peers/Broader Market/Analyst Expectations
Overall Yield Attractiveness Yield is at par with Benchmark/Peers/Broader Market/Analyst Expectations
Dividend Reliability Good payout ratio. At Par with Benchmark/Peers/Broader Market/Analyst Expectations
Dividend Uptrend Dividends are above average, growing as per Benchmark/Peers/Broader Market/Analyst Expectations
Earnings Growth EPS growth is at par with Benchmark/Peers/Broader Market/Analyst Expectations
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Growth History

MBWM Dividend Growth History

Annualized Growth
1994-2012
Annualized Growth
1994-2004
Annualized Growth
2004-2008
Annualized Growth
2008-2012
Annualized Growth
Last 5 Yrs
Annualized Growth
Last 3 Yrs
Annual
Growth
2012
Consecutive
Years of
Increases
86.1% 20.8% 3 years
Reveal More Dividend Growth History for MBWM
Historical Annual Dividend Data & Growth

MBWM Historical Annual Dividend Data & Growth

Payout Amount Calendar Year Annual Growth
$0.5800 2015 20.8%
$0.4800 2014 6.7%
Historical Dividend Data

MBWM Dividend History

Payout Amount Declared Date Ex-Dividend Date Record Date Pay Date ▼ Qualified Dividend? Payout Type Frequency
$0.1700 2016-10-13 2016-12-07 2016-12-09 2016-12-21 Yes Regular Quarter
$0.5000 2016-10-13 2016-12-07 2016-12-09 2016-12-21 Yes Special N/A
$0.1700 2016-07-14 2016-09-07 2016-09-09 2016-09-21 Yes Regular Quarter
$0.1600 2016-01-19 2016-03-09 2016-03-11 2016-03-23 Yes Regular Quarter
$0.1500 2015-10-20 2015-12-09 2015-12-11 2015-12-23 Yes Regular Quarter
$0.1500 2015-07-21 2015-09-09 2015-09-11 2015-09-23 Yes Regular Quarter
$0.1400 2015-04-16 2015-06-10 2015-06-12 2015-06-24 Yes Regular Quarter
$0.1400 2015-01-20 2015-03-11 2015-03-13 2015-03-25 Yes Regular Quarter
$0.1200 2014-10-16 2014-12-10 2014-12-12 2014-12-24 Yes Regular Quarter
$0.1200 2014-07-17 2014-09-10 2014-09-12 2014-09-24 Yes Regular Quarter
$0.1200 2014-05-09 2014-06-11 2014-06-13 2014-06-25 Yes Regular Quarter
$2.0000 2014-05-09 2014-05-20 2014-05-22 2014-05-29 Yes Special N/A
$0.1200 2014-01-21 2014-02-06 2014-02-10 2014-03-10 Yes Regular Quarter
$0.1200 2013-10-10 2013-11-06 2013-11-08 2013-12-10 Yes Regular Quarter
$0.1200 2013-07-11 2013-08-07 2013-08-09 2013-09-10 Yes Regular Quarter
$0.1100 2013-04-11 2013-05-08 2013-05-10 2013-06-10 Yes Regular Quarter
$0.1000 2013-01-10 2013-02-06 2013-02-08 2013-03-08 Yes Regular Quarter
$0.0900 2012-10-11 2012-11-07 2012-11-09 2012-12-10 Yes Regular Quarter
$0.0100 2010-01-14 2010-02-08 2010-02-10 2010-03-10 Yes Regular Quarter
$0.0100 2009-10-15 2009-11-06 2009-11-10 2009-12-10 Yes Regular Quarter
$0.0100 2009-07-16 2009-08-06 2009-08-10 2009-09-10 Yes Regular Quarter
$0.0100 2009-04-09 2009-05-06 2009-05-08 2009-06-10 Yes Regular Quarter
$0.0400 2009-01-08 2009-02-06 2009-02-10 2009-03-10 Yes Regular Quarter
$0.0400 2008-10-09 2008-11-06 2008-11-10 2008-12-10 Yes Regular Quarter
$0.0400 2008-07-10 2008-08-06 2008-08-08 2008-09-10 Yes Regular Quarter
$0.0800 2008-04-08 2008-05-07 2008-05-09 2008-06-10 Yes Regular Quarter
$0.1500 2008-01-08 2008-02-06 2008-02-08 2008-03-10 Yes Regular Quarter
$0.1400 2007-10-09 2007-11-07 2007-11-09 2007-12-10 Yes Regular Quarter
$0.1400 2007-07-10 2007-08-08 2007-08-10 2007-09-10 Yes Regular Quarter
$0.1400 2007-04-10 2007-05-08 2007-05-10 2007-06-08 Yes Regular Quarter
$0.1400 2007-01-09 2007-02-07 2007-02-09 2007-03-09 Yes Regular Quarter
$0.1300 2006-10-11 2006-11-08 2006-11-10 2006-12-08 Yes Regular Quarter
$0.1300 2006-07-11 2006-08-08 2006-08-10 2006-09-08 Yes Regular Quarter
$0.1300 2006-04-11 2006-05-15 2006-05-17 2006-06-09 Yes Regular Quarter
$0.1200 2006-01-11 2006-02-08 2006-02-10 2006-03-10 Yes Regular Quarter
$0.1100 2005-10-06 2005-11-08 2005-11-10 2005-12-09 Unknown Regular Quarter
$0.1100 2005-07-06 2005-08-08 2005-08-10 2005-09-09 Unknown Regular Quarter
$0.1100 2005-04-06 2005-05-06 2005-05-10 2005-06-10 Unknown Regular Quarter
$0.1000 2005-01-11 2005-02-08 2005-02-10 2005-03-10 Unknown Regular Quarter
$0.0900 2004-10-06 2004-11-08 2004-11-10 2004-12-10 Unknown Regular Quarter
$0.0900 2004-07-07 2004-08-06 2004-08-10 2004-09-10 Unknown Regular Quarter
$0.0900 2004-04-07 2004-05-06 2004-05-10 2004-06-10 Unknown Regular Quarter
$0.0900 2004-01-06 2004-02-06 2004-02-10 2004-03-10 Unknown Regular Quarter
$0.0800 2003-10-06 2003-11-06 2003-11-10 2003-12-10 Unknown Regular Quarter
$0.0800 2003-07-08 2003-08-07 2003-08-11 2003-09-10 Unknown Regular Quarter
$0.0800 2003-04-08 2003-05-08 2003-05-12 2003-06-10 Unknown Regular Quarter
$0.0800 2003-01-07 2003-02-06 2003-02-10 2003-03-10 Unknown Regular Quarter

Knowledge Centers

Company Profile

MBWM Company Profile

Exchange: NASDAQ
Sector: Financial

Mercantile Bank- (MBWM)-provides commercial and retail banking services primarily to small- to medium-sized businesses located in the Grand Rapids, Holland, Lansing, and Ann Arbor metropolitan areas in Michigan. As of December 31, 2006, it operated eight offices and six automated teller machines in Michigan. The company was founded in 1997 and is headquartered in Grand Rapids, Michigan.

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News

Mercantile Bank Corp News

  • Each week we present to you a list of stocks that increased their dividends through our dividend payout changes announcement tool. We hope this up-to-date information will allow our readers to make confident decisions for their portfolios.

  • Mercantile Bank Posts Lower Q2 Earnings; Raises Dividend 9% (MBWM)

    On Tuesday financial services company Mercantile Bank Corp. (MBWM) reported a drop in its second quarter earnings, which still came in above analysts estimates. The company also announced that it has raised its dividend by 9%. The Grand Rapids, MI based company posted second quarter earnings of $4 million, or 46 cents per share, up from $3.3 million, or 36 cents per share a year ago. On average, analysts expected to see earnings of 35 cents per share. Total revenue for the quarter declined 2.7% to $13.1 million, from $13.5 million last year. Additionally, the company reported that its board that authorized a 9% increase to its quarterly dividend. The new dividend will be 12 cents per share, or 48 cents annually. The dividend will be payable on September 10 to shareholders of record of August 9. The stock will go ex-dividend on August 7. Mercantile Bank shares were mostly flat during premarket trading Tuesday. The stock is up 19% YTD. The Bottom Line With the dividend increase, shares of Mercantile Bank Corp. (MBWM) will have a 2.44% yield, based on Monday's closing price of $19.65. Mercantile Bank Corp. (MBWM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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