Mercantile Bank Corp
MBWMMercantile Bank Corp (MBWM) is a Michigan-based bank holding company that provides a range of banking services to individuals and businesses. Founded in 1984, it operates through its subsidiary, Mercantile Bank of Michigan, offering personal banking, business banking, mortgage services, and wealth management. The bank emphasizes community-focused banking with a strong presence in its regional markets.
Dividend History
Investors can expect a dividend payout of $0.39 per share, scheduled to be distributed in 54 days on March 18, 2026
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| March 18, 2026 | $0.39 | 2026-03-06 | 2026-03-06 |
| December 17, 2025 | $0.38 | 2025-12-05 | 2025-12-05 |
| September 17, 2025 | $0.38 | 2025-09-05 | 2025-09-05 |
| June 18, 2025 | $0.37 | 2025-06-06 | 2025-06-06 |
| March 19, 2025 | $0.37 | 2025-03-07 | 2025-03-07 |
Dividends Summary
- Consistent Payer: Mercantile Bank Corp has rewarded shareholders with 82 dividend payments over the past 22 years.
- Total Returned Value: Investors who held MBWM shares during this period received a total of $18.70 per share in dividend income.
- Latest Payout: The most recent dividend of $0.39/share was paid 37 days ago, on December 17, 2025.
- Yield & Schedule: MBWM currently pays dividends quarterly with an annual yield of 2.91%.
- Dividend Growth: Since 2004, the dividend payout has grown by 333.3%, from $0.09 to $0.39.
- Dividend Reliability: MBWM has maintained or increased its dividend for 29 consecutive payments.
Company News
Mercantile Bank Corporation (NASDAQ: MBWM) announced a regular quarterly cash dividend of $0.39 per common share, payable March 18, 2026, representing a 2.6% increase from Q4 2025 and 5.4% increase from Q1 2025. The dividend yields approximately 3.1% annually. The bank's leadership cited strong balance sheet structure, solid earnings performance,...
Mercantile Bank Corporation and Eastern Michigan Financial Corporation have received all required regulatory approvals for their proposed merger, with the transaction expected to be completed on December 31, 2025. The merger will create a larger banking entity in Michigan, with plans to consolidate operations in early 2027.
Law firm Monteverde & Associates is investigating the proposed merger between Eastern Michigan Financial Corporation and Mercantile Bank Corporation, where shareholders will receive $32.32 in cash and 0.7116 shares of Mercantile common stock.
Mercantile Bank Corporation will acquire Eastern Michigan Financial Corporation in a $95.8 million cash and stock transaction, expanding its presence in Michigan and strengthening its market position with enhanced assets, deposits, and branch network.
Mercantile Bank Corporation announced that its Board of Directors declared a regular quarterly cash dividend of $0.37 per common share, payable on June 18, 2025, to holders of record as of June 6, 2025. The dividend is 5.7% higher than the previous year.
