Mercantile Bank Dividend
Dividend criteria checks 5/6
Mercantile Bank is a dividend paying company with a current yield of 3.17% 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
3.2%
Dividend yield
28%
Payout ratio
Industry average yield | 2.8% |
Next dividend pay date | 18 Dec 24 |
Ex dividend date | 06 Dec 24 |
Dividend per share | US$1.440 |
Earnings per share | US$4.96 |
Dividend yield forecast | 3.3% |
Recent dividend updates
Mercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.36
Aug 21Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.36
Jul 19Recent updates
A Great Quarter Is A Great Time To Downgrade Mercantile Bank Corporation
Oct 15Mercantile Bank's (NASDAQ:MBWM) Dividend Will Be Increased To $0.36
Aug 21Mercantile Bank (NASDAQ:MBWM) Is Increasing Its Dividend To $0.36
Jul 19Mercantile 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 19Mercantile 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 21Upcoming 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) | 3.2% |
Market Bottom 25% (US) | 1.4% |
Market Top 25% (US) | 4.4% |
Industry Average (Banks) | 2.8% |
Analyst forecast (MBWM) (up to 3 years) | 3.3% |
Notable Dividend: MBWM's dividend (3.17%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: MBWM's dividend (3.17%) is low compared to the top 25% of dividend payers in the US market (4.38%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.2%), MBWM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MBWM's dividends in 3 years are forecast to be well covered by earnings (32.8% payout ratio).