Mercantile Bank Dividend
Dividend criteria checks 4/6
Mercantile Bank is a dividend paying company with a current yield of 2.93% that is well covered by earnings. Next payment date is on 18th September, 2024 with an ex-dividend date of 6th September, 2024.
Key information
2.9%
Dividend yield
27%
Payout ratio
| Industry average yield | 2.7% |
| Next dividend pay date | 18 Sep 24 |
| Ex dividend date | 06 Sep 24 |
| Dividend per share | n/a |
| Earnings per share | US$5.04 |
| Dividend yield forecast in 3Y | 3.1% |
Recent dividend updates
Recent updates
Mercantile Bank: Q2 2024 Earnings Spike The Price
Jul 17Mercantile Bank Corporation Just Beat EPS By 17%: Here's What Analysts Think Will Happen Next
Apr 19
Mercantile Bank: A Fantastic Prospect For Investors To Bank On
Apr 14Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year
Jan 22Earnings Update: Here's Why Analysts Just Lifted Their Mercantile Bank Corporation (NASDAQ:MBWM) Price Target To US$44.67
Jan 19Mercantile Bank: Analysis Of Q4 2023 Earnings, Maintain Hold
Jan 19Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34
Aug 28Mercantile Bank (NASDAQ:MBWM) Has Announced That It Will Be Increasing Its Dividend To $0.34
Aug 14Mercantile Bank (NASDAQ:MBWM) Will Pay A Larger Dividend Than Last Year At $0.34
Jul 21Mercantile Bank (NASDAQ:MBWM) Is Paying Out A Larger Dividend Than Last Year
Apr 21Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.33
Jan 20Mercantile Bank GAAP EPS of $1.01 beats by $0.03, revenue of $49.6M beats by $1.9M
Oct 18Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.32
Jul 22Mercantile Bank raises dividend by 3.2% to $0.32
Jul 19Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To US$0.31
Jan 21Shareholders May Be A Little Conservative With Mercantile Bank Corporation's (NASDAQ:MBWM) CEO Compensation For Now
May 20Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
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.
Dividend Yield vs Market
| Mercantile Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MBWM) | 2.9% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.4% |
| Industry Average (Banks) | 2.7% |
| Analyst forecast in 3 Years (MBWM) | 3.1% |
Notable Dividend: MBWM's dividend (2.93%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: MBWM's dividend (2.93%) is low compared to the top 25% of dividend payers in the US market (4.41%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.3%), 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.