Mercantile Bank Dividends and Buybacks
Dividend criteria checks 4/6
Mercantile Bank is a dividend paying company with a current yield of 10% that is well covered by earnings.
Key information
10.0%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | 3.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ৳1.000 |
| Payout ratio | 36% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MERCANBANK's dividend payments have been volatile in the past 10 years.
Growing Dividend: MERCANBANK's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Mercantile Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MERCANBANK) | 10.0% |
| Market Bottom 25% (BD) | 1.1% |
| Market Top 25% (BD) | 4.4% |
| Industry Average (Banks) | 5.2% |
| Analyst forecast (MERCANBANK) (up to 3 years) | n/a |
Notable Dividend: MERCANBANK's dividend (10%) is higher than the bottom 25% of dividend payers in the BD market (1.1%).
High Dividend: MERCANBANK's dividend (10%) is in the top 25% of dividend payers in the BD market (4.37%)
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (35.8%), MERCANBANK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.