Mercantile Bank Corporation (MBWM) Dividends
Dividend Yield and Dividend History Highlights
MBWM Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $43.21 | $51.09 | 41.43% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. As for MBWM, the DDM model generated by StockNews estimates a return of positive 41.43% in comparison to its current price. Digging deeper, the aspects of Mercantile Bank Corp's dividend discount model that we found most interesting were:
- Relative to all dividend yielding stocks in our set, MBWM offers a dividend yield in the top 28.23% of stocks in our set.
- Beta tells us how volatile a stock's price is relative to the broader equity index; for Mercantile Bank Corp, its beta is lower than 63.88% of dividend issuing stocks we observed.
- In terms of who is growing the amount of dividends they return to shareholders, Mercantile Bank Corp has been increasing its dividends at a faster rate than 69.32% of US-listed dividend-issuing stocks we observed.
MBWM Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-09-06 | Dividend | $0.36 | +2.86% |
| 2024-06-07 | Dividend | $0.35 | -- |
| 2024-02-29 | Dividend | $0.35 | +2.94% |
| 2023-11-30 | Dividend | $0.34 | -- |
| 2023-08-31 | Dividend | $0.34 | +3.03% |
| 2023-06-01 | Dividend | $0.33 | -- |
| 2023-03-02 | Dividend | $0.33 | +3.13% |
| 2022-12-01 | Dividend | $0.32 | -- |
| 2022-09-01 | Dividend | $0.32 | +3.23% |
| 2022-06-02 | Dividend | $0.31 | -- |
| 2022-03-03 | Dividend | $0.31 | +3.33% |
| 2021-12-02 | Dividend | $0.30 | -- |
| 2021-09-02 | Dividend | $0.30 | +3.45% |
| 2021-06-03 | Dividend | $0.29 | -- |
| 2021-03-04 | Dividend | $0.29 | +3.57% |
| 2020-12-03 | Dividend | $0.28 | -- |
| 2020-09-03 | Dividend | $0.28 | -- |
| 2020-06-04 | Dividend | $0.28 | -- |
| 2020-03-05 | Dividend | $0.28 | +3.70% |
| 2019-12-05 | Dividend | $0.27 | -- |
| 2019-09-05 | Dividend | $0.27 | +3.85% |
| 2019-06-06 | Dividend | $0.26 | -- |
| 2019-03-07 | Dividend | $0.26 | -74.00% |
| 2018-12-06 | Dividend | $1.00 | +316.67% |
| 2018-09-06 | Dividend | $0.24 | +9.09% |
| 2018-06-07 | Dividend | $0.22 | -- |
| 2018-03-08 | Dividend | $0.22 | +15.79% |
| 2017-12-07 | Dividend | $0.19 | -- |
| 2017-09-07 | Dividend | $0.19 | +5.56% |
| 2017-06-07 | Dividend | $0.18 | -- |
| 2017-03-08 | Dividend | $0.18 | -73.13% |
| 2016-12-07 | Dividend | $0.67 | +294.12% |
| 2016-09-07 | Dividend | $0.17 | +6.25% |
| 2016-06-08 | Dividend | $0.16 | -- |
| 2016-03-09 | Dividend | $0.16 | +6.67% |
| 2015-12-09 | Dividend | $0.15 | -- |
| 2015-09-09 | Dividend | $0.15 | +7.14% |
| 2015-06-10 | Dividend | $0.14 | -- |
| 2015-03-11 | Dividend | $0.14 | +16.67% |
| 2014-12-10 | Dividend | $0.12 | -- |
| 2014-09-10 | Dividend | $0.12 | -- |
| 2014-06-11 | Dividend | $0.12 | -94.00% |
| 2014-05-20 | Dividend | $2.00 | +1,566.67% |
| 2014-02-06 | Dividend | $0.12 | -- |
| 2013-11-06 | Dividend | $0.12 | -- |
| 2013-08-07 | Dividend | $0.12 | +9.09% |
| 2013-05-08 | Dividend | $0.11 | +10.00% |
| 2013-02-06 | Dividend | $0.10 | +11.11% |
| 2012-11-07 | Dividend | $0.09 | +800.00% |
| 2010-02-08 | Dividend | $0.01 | -- |
| 2009-11-06 | Dividend | $0.01 | -- |
| 2009-08-06 | Dividend | $0.01 | -- |
| 2009-05-06 | Dividend | $0.01 | -75.00% |
| 2009-02-06 | Dividend | $0.04 | -- |
| 2008-11-06 | Dividend | $0.04 | -- |
| 2008-08-06 | Dividend | $0.04 | -50.00% |
| 2008-05-07 | Dividend | $0.08 | -46.67% |
| 2008-02-06 | Dividend | $0.15 | +7.14% |
| 2007-11-07 | Dividend | $0.14 | -- |
| 2007-08-08 | Dividend | $0.14 | -- |
| 2007-05-08 | Dividend | $0.14 | -- |
| 2007-02-07 | Dividend | $0.14 | +7.69% |
| 2006-11-08 | Dividend | $0.13 | -- |
| 2006-08-08 | Dividend | $0.13 | -- |
| 2006-05-15 | Dividend | $0.13 | +8.33% |
| 2006-02-08 | Dividend | $0.12 | +9.09% |
| 2005-11-08 | Dividend | $0.11 | -- |
| 2005-08-08 | Dividend | $0.11 | -- |
| 2005-05-06 | Dividend | $0.11 | +10.00% |
| 2005-02-08 | Dividend | $0.10 | +11.11% |
| 2004-11-08 | Dividend | $0.09 | -- |
| 2004-08-06 | Dividend | $0.09 | -- |
| 2004-05-06 | Dividend | $0.09 | -- |
| 2004-02-06 | Dividend | $0.09 | +12.50% |
| 2003-11-06 | Dividend | $0.08 | -- |
| 2003-08-07 | Dividend | $0.08 | -- |
| 2003-05-08 | Dividend | $0.08 | -- |
| 2003-02-06 | Dividend | $0.08 | -- |
| 2003-01-15 | Dividend | $0.08 | -- |
MBWM Dividends vs. Peers
MBWM's dividend yield currently ranks #33 of 73 vs. its peers in the Midwest Regional Banks category.
Looking for More Information on MBWM dividends?
Here are a few links from around the web to help you further your research on Mercantile Bank Corp and its dividends:Mercantile Bank Corp Common Stock (MBWM) Dividend History | Nasdaq
Dividend History for Mercantile Bank Corp (MBWM) - Dividend Investor
Mercantile Bank Corp (MBWM) Dividend History - Seeking Alpha