Mercantile Bank Corporation (MBWM) Dividend History and Yield
Mercantile Bank Corporation (MBWM) paid $1.54 per share over the trailing twelve months, equal to a trailing twelve month (TTM) dividend yield of 2.51%. Its record includes variable payments, a 7-year growth streak, a growing dividend policy. The history below summarizes split-adjusted payments and the public dividend record available to investors.
Dividend Facts
- TTM Dividend Yield: 2.51%
- Annual Dividend (TTM): $1.54
- Frequency: Variable
- Dividend Policy: Growing
- Growth Streak: 7 years
- No-Cut Streak: 7 years
- Paying Since: 1993
- Last Ex-Dividend Date: Jun 5, 2026 $0.39
- Payment Date: Jun 17, 2026
Annual Dividends Per Share
| Year | Dividend Per Share | Growth |
|---|---|---|
| 2026 (YTD) | $0.78 | N/A |
| 2025 | $1.5 | +5.6% |
| 2024 | $1.42 | +6.0% |
| 2023 | $1.34 | +6.3% |
| 2022 | $1.26 | +6.8% |
| 2021 | $1.18 | +5.4% |
| 2020 | $1.12 | +5.7% |
| 2019 | $1.06 | +55.9% |
| 2018 | $0.68 | -8.1% |
| 2017 | $0.74 | -36.2% |
| 2016 | $1.16 | +100.0% |
| 2015 | $0.58 | +38.1% |
| 2014 | $0.42 | +16.7% |
| 2013 | $0.36 | +56.5% |
| 2012 | $0.23 | +475.0% |
| 2011 | $0.04 | -50.0% |
| 2010 | $0.08 | -63.6% |
Dividend Payment History
All payment amounts below are split-adjusted.
| Ex-Dividend Date | Payment Date | Amount | Frequency |
|---|---|---|---|
| Jun 5, 2026 | Jun 17, 2026 | $0.39 | Quarterly |
| Mar 6, 2026 | Mar 18, 2026 | $0.39 | Quarterly |
| Dec 5, 2025 | Dec 17, 2025 | $0.38 | Quarterly |
| Sep 5, 2025 | Sep 17, 2025 | $0.38 | Quarterly |
| Jun 6, 2025 | Jun 18, 2025 | $0.37 | Quarterly |
| Mar 7, 2025 | Mar 19, 2025 | $0.37 | Quarterly |
| Dec 6, 2024 | Dec 18, 2024 | $0.36 | Quarterly |
| Sep 6, 2024 | Sep 18, 2024 | $0.36 | Quarterly |
| Jun 7, 2024 | Jun 19, 2024 | $0.35 | Quarterly |
| Feb 29, 2024 | Mar 13, 2024 | $0.35 | Quarterly |
| Nov 30, 2023 | Dec 13, 2023 | $0.34 | Quarterly |
| Aug 31, 2023 | Sep 13, 2023 | $0.34 | Quarterly |
| Jun 1, 2023 | Jun 14, 2023 | $0.33 | Quarterly |
| Mar 1, 2023 | Mar 15, 2023 | $0.33 | Quarterly |
| Dec 1, 2022 | Dec 14, 2022 | $0.32 | Quarterly |
| Sep 1, 2022 | Sep 14, 2022 | $0.32 | Quarterly |
| Jun 2, 2022 | Jun 15, 2022 | $0.31 | Quarterly |
| Mar 3, 2022 | Mar 16, 2022 | $0.31 | Quarterly |
| Dec 2, 2021 | Dec 15, 2021 | $0.3 | Quarterly |
| Sep 2, 2021 | Sep 15, 2021 | $0.3 | Quarterly |
| Jun 3, 2021 | Jun 16, 2021 | $0.29 | Quarterly |
| Mar 4, 2021 | Mar 17, 2021 | $0.29 | Quarterly |
| Dec 3, 2020 | Dec 16, 2020 | $0.28 | Quarterly |
| Sep 3, 2020 | Sep 16, 2020 | $0.28 | Quarterly |
| Jun 4, 2020 | Jun 17, 2020 | $0.28 | Quarterly |
| Mar 5, 2020 | Mar 18, 2020 | $0.28 | Quarterly |
| Dec 5, 2019 | Dec 18, 2019 | $0.27 | Quarterly |
| Sep 5, 2019 | Sep 18, 2019 | $0.27 | Quarterly |
| Jun 6, 2019 | Jun 19, 2019 | $0.26 | Quarterly |
| Mar 7, 2019 | Mar 20, 2019 | $0.26 | Quarterly |
| Dec 6, 2018 | Dec 19, 2018 | $0.25 | Quarterly |
| Sep 6, 2018 | Sep 19, 2018 | $0.24 | Quarterly |
| Jun 7, 2018 | Jun 20, 2018 | $0.22 | Quarterly |
| Mar 8, 2018 | Mar 21, 2018 | $0.22 | Quarterly |
| Dec 7, 2017 | Dec 20, 2017 | $0.19 | Quarterly |
| Sep 7, 2017 | Sep 20, 2017 | $0.19 | Quarterly |
| Jun 7, 2017 | Jun 21, 2017 | $0.18 | Quarterly |
| Mar 8, 2017 | Mar 22, 2017 | $0.18 | Quarterly |
| Dec 7, 2016 | Dec 21, 2016 | $0.67 | 0 |
| Sep 7, 2016 | Sep 21, 2016 | $0.17 | Quarterly |
| Jun 8, 2016 | Jun 23, 2016 | $0.16 | Quarterly |
| Mar 9, 2016 | Mar 23, 2016 | $0.16 | Quarterly |
| Dec 9, 2015 | Dec 23, 2015 | $0.15 | Quarterly |
| Sep 9, 2015 | Sep 23, 2015 | $0.15 | Quarterly |
| Jun 10, 2015 | Jun 24, 2015 | $0.14 | Quarterly |
| Mar 11, 2015 | Mar 25, 2015 | $0.14 | Quarterly |
| Dec 10, 2014 | Dec 24, 2014 | $0.12 | Quarterly |
| Sep 10, 2014 | Sep 24, 2014 | $0.12 | Quarterly |
| Jun 11, 2014 | Jun 25, 2014 | $0.12 | Quarterly |
| May 20, 2014 | May 29, 2014 | $2 | 0 |
| Feb 6, 2014 | Mar 10, 2014 | $0.12 | Quarterly |
| Nov 6, 2013 | Dec 10, 2013 | $0.12 | Quarterly |
| Aug 7, 2013 | Sep 10, 2013 | $0.12 | Quarterly |
| May 8, 2013 | Jun 10, 2013 | $0.11 | Quarterly |
| Feb 6, 2013 | Mar 8, 2013 | $0.1 | Quarterly |
| Nov 7, 2012 | Dec 10, 2012 | $0.09 | Quarterly |
| Feb 8, 2010 | Mar 10, 2010 | $0.01 | Quarterly |
| Nov 6, 2009 | Dec 10, 2009 | $0.01 | Quarterly |
| Aug 6, 2009 | Sep 10, 2009 | $0.01 | Quarterly |
| May 6, 2009 | Jun 10, 2009 | $0.01 | Quarterly |
| Feb 6, 2009 | Mar 10, 2009 | $0.04 | Quarterly |
| Nov 6, 2008 | Dec 10, 2008 | $0.04 | Quarterly |
| Aug 6, 2008 | Sep 10, 2008 | $0.04 | Quarterly |
| May 7, 2008 | Jun 10, 2008 | $0.08 | Quarterly |
| Feb 6, 2008 | Mar 10, 2008 | $0.15 | Quarterly |
| Nov 7, 2007 | Dec 10, 2007 | $0.14 | Quarterly |
| Aug 8, 2007 | Sep 10, 2007 | $0.14 | Quarterly |
| May 8, 2007 | Jun 8, 2007 | $0.14 | Quarterly |
| Feb 7, 2007 | Mar 9, 2007 | $0.14 | Quarterly |
| Nov 8, 2006 | Dec 8, 2006 | $0.13 | Quarterly |
| Aug 8, 2006 | Sep 8, 2006 | $0.13 | Quarterly |
| May 15, 2006 | Jun 9, 2006 | $0.13 | Quarterly |
| Feb 8, 2006 | Mar 10, 2006 | $0.12 | 0 |
| Nov 8, 2005 | Dec 9, 2005 | $0.11 | 0 |
| Aug 8, 2005 | Sep 9, 2005 | $0.11 | 0 |
| May 6, 2005 | Jun 10, 2005 | $0.11 | 0 |
| Feb 8, 2005 | Mar 10, 2005 | $0.1 | 0 |
| Nov 8, 2004 | Dec 10, 2004 | $0.09 | 0 |
| Aug 6, 2004 | Sep 10, 2004 | $0.09 | 0 |
| May 6, 2004 | Jun 10, 2004 | $0.09 | 0 |
| Feb 6, 2004 | Mar 10, 2004 | $0.09 | 0 |
| Nov 6, 2003 | N/A | $0.08 | N/A |
| Aug 7, 2003 | N/A | $0.08 | N/A |
| May 8, 2003 | N/A | $0.08 | N/A |
| Feb 6, 2003 | N/A | $0.08 | N/A |
Frequently Asked Questions
Does MBWM pay dividends?
Yes. MBWM's latest recorded dividend was $0.39 per share with an ex-dividend date of Jun 5, 2026.
What is MBWM's dividend yield?
MBWM's trailing twelve month (TTM) dividend yield is 2.51%.
How often does MBWM pay dividends?
MBWM has a variable dividend payment schedule.
How many years has MBWM increased its dividend?
MBWM has increased its dividend for 7 consecutive years.
When was MBWM's last ex-dividend date?
MBWM's most recent ex-dividend date was Jun 5, 2026.
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