Mercantile Bank Corporation (MBWM) Dividends

Mercantile Bank Corporation (MBWM): $32.12

0.02 (+0.06%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

Dividend Yield and Dividend History Highlights

  • Free cash flow for MBWM has increased for the 5th straight quarter.
  • As for stocks whose price is uncorrelated with MBWM's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: GHG, CHRW, AUY, BMA and WING.
MBWM Ex-Dividend Date
MBWM Dividend Yield
3.86%
MBWM Annual Dividend
$1.24
MBWM Payout Ratio

MBWM Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$32.12$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 Chart


MBWM Dividend History

Ex-Dividend Date Type Payout Amount Change
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MBWM Dividends vs. Peers

MBWM's dividend yield currently ranks #19 of 73 vs. its peers in the Midwest Regional Banks category.
Rank Symbol Name Dividend Yield
1 TFSL TFS Financial Corporation 7.89%
2 PEBO Peoples Bancorp Inc. 5.58%
3 CIZN Citizens Holding Company 5.31%
4 COFS ChoiceOne Financial Services, Inc. 5.05%
5 HBAN Huntington Bancshares Incorporated 5.01%
6 ATLO Ames National Corporation 4.86%
7 MSBI Midland States Bancorp, Inc. 4.72%
8 FFBC First Financial Bancorp. 4.67%
9 WSBF Waterstone Financial, Inc. 4.62%
10 IBCP Independent Bank Corporation 4.61%
11 PFC Premier Financial Corp. 4.57%
12 MBTF M B T Financial Corp 4.47%
13 KEY KeyCorp 4.44%
14 ASB Associated Banc-Corp 4.26%
15 FMNB Farmers National Banc Corp. 4.25%
16 BFIN BankFinancial Corporation 4.25%
17 BUSE First Busey Corporation 4.00%
18 FCAP First Capital, Inc. 3.88%
19 MBWM Mercantile Bank Corporation 3.86%
20 ONB Old National Bancorp 3.73%
21 CFFN Capitol Federal Financial, Inc. 3.57%
22 MCBC Macatawa Bank Corporation 3.55%
23 FRME First Merchants Corporation 3.52%
24 SFNC Simmons First National Corporation 3.51%
25 FITB Fifth Third Bancorp 3.44%
26 PRK Park National Corporation 3.42%
27 LARK Landmark Bancorp Inc. 3.37%
28 CHFC Chemical Financial Corporation 3.24%
29 MFSF MutualFirst Financial Inc. 3.22%
30 UBOH United Bancshares, Inc. 3.03%
31 SRCE 1st Source Corporation 2.70%
32 HWBK Hawthorn Bancshares, Inc. 2.69%
33 SBFG SB Financial Group, Inc. 2.68%
34 MBCN Middlefield Banc Corp. 2.67%
35 MFNC Mackinac Financial Corporation 2.60%
36 FMBI First Midwest Bancorp, Inc. 2.60%
37 GABC German American Bancorp, Inc. 2.58%
38 EBMT Eagle Bancorp Montana, Inc. 2.55%
39 FBIZ First Business Financial Services, Inc. 2.45%
40 THFF First Financial Corp. (Indiana) 2.43%
41 FMBH First Mid Bancshares, Inc. 2.41%
42 LKFN Lakeland Financial Corporation 2.40%
43 NBHC National Bank Holdings Corporation 2.36%
44 MBFI MB Financial Inc. 2.27%
45 FSFG First Savings Financial Group, Inc. 2.19%
46 FMAO Farmers & Merchants Bancorp, Inc. 2.15%
47 FFWM First Foundation Inc. 2.09%
48 CZWI Citizens Community Bancorp, Inc. 1.95%
49 GFED Guaranty Federal Bancshares, Inc. 1.91%
50 IROQ IF Bancorp, Inc. 1.89%
51 MSFG MainSource Financial Group, Inc. 1.82%
52 SMBC Southern Missouri Bancorp, Inc. 1.73%
53 WTFC Wintrust Financial Corporation 1.66%
54 CBSH Commerce Bancshares, Inc. 1.59%
55 BKMU Bank Mutual Corporation 1.58%
56 ALTA Altabancorp 1.54%
57 BY Byline Bancorp, Inc. 1.50%
58 OSBC Old Second Bancorp, Inc. 1.45%
59 BFC Bank First Corporation 1.15%
60 ICBK County Bancorp, Inc. 1.13%
61 EQBK Equity Bancshares, Inc. - 1.06%
62 HMNF HMN Financial, Inc. 1.05%
63 CFBK Central Federal Corporation 0.76%
64 LEVL Level One Bancorp, Inc. 0.70%
65 GWB Great Western Bancorp, Inc. 0.65%
66 INBK First Internet Bancorp 0.64%
67 CASH Meta Financial Group, Inc. 0.50%
68 PVTB PrivateBancorp, Inc. 0.07%
69 NCBS Nicolet Bankshares Inc. 0.00%
70 FCFP First Community Financial Partners, Inc. 0.00%
71 BWB Bridgewater Bancshares, Inc. 0.00%
72 TCF TCF Financial Corporation 0.00%
73 CBCYB Central Bancompany, Inc. 0.00%

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

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