Mercantile Bank Dividend
What is Mercantile Bank current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|Mercantile Bank Dividend Yield vs Market|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Banks)||3.4%|
|Analyst forecast in 3 Years (MBWM)||4.3%|
Notable Dividend: MBWM's dividend (4.31%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: MBWM's dividend (4.31%) is low compared to the top 25% of dividend payers in the US market (4.73%).
Stability and Growth of Payments
Stable Dividend: MBWM's dividends per share have been stable in the past 10 years.
Growing Dividend: MBWM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (38.6%), MBWM'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.