Mercantile Bank is a dividend paying company with a current yield of 8.53%. Next payment date is on 30th June, 2024 with an ex-dividend date of 9th May, 2024.
Key information
8.5%
Dividend yield
94%
Payout ratio
Industry average yield
5.0%
Next dividend pay date
30 Jun 24
Ex dividend date
09 May 24
Dividend per share
n/a
Earnings per share
৳1.04
Dividend yield forecast in 3Y
n/a
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MERCANBANK has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MERCANBANK's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
Mercantile Bank Dividend Yield vs Market
How does MERCANBANK dividend yield compare to the market?
Segment
Dividend Yield
Company (MERCANBANK)
8.5%
Market Bottom 25% (BD)
0.9%
Market Top 25% (BD)
4.0%
Industry Average (Banks)
5.0%
Analyst forecast in 3 Years (MERCANBANK)
n/a
Notable Dividend: MERCANBANK's dividend (8.53%) is higher than the bottom 25% of dividend payers in the BD market (0.93%).
High Dividend: MERCANBANK's dividend (8.53%) is in the top 25% of dividend payers in the BD market (4.04%)
Current Payout to Shareholders
Earnings Coverage: With its high payout ratio (94.1%), MERCANBANK's dividend payments are not 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.