Mercantile Bank Dividends and Buybacks
Dividend criteria checks 5/6
Mercantile Bank is a dividend paying company with a current yield of 2.86% that is well covered by earnings. Next payment date is on 18th December, 2024 with an ex-dividend date of 6th December, 2024.
Key information
2.9%
Dividend yield
-0.1%
Buyback Yield
| Total Shareholder Yield | 2.7% |
| Future Dividend Yield | 3.0% |
| Dividend Growth | 4.8% |
| Next dividend pay date | 18 Dec 24 |
| Ex dividend date | 06 Dec 24 |
| Dividend per share | €1.440 |
| Payout ratio | 28% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MCS's dividends per share have been stable in the past 10 years.
Growing Dividend: MCS's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Mercantile Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MCS) | 2.9% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.8% |
| Industry Average (Banks) | 6.4% |
| Analyst forecast (MCS) (up to 3 years) | 3.0% |
Notable Dividend: MCS's dividend (2.86%) is higher than the bottom 25% of dividend payers in the German market (1.73%).
High Dividend: MCS's dividend (2.86%) is low compared to the top 25% of dividend payers in the German market (4.82%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.2%), MCS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MCS's dividends in 3 years are forecast to be well covered by earnings (32.8% payout ratio).