Mercantile Bank Corp (MBWM) Dividend History

Mercantile 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.

310 Leonard Street Nw, Grand Rapids, MI, 49504
Phone: 616 406-3000
Website: https://www.mercbank.com

Dividend Yield: 3.05%

Dividend Frequency: Quarterly

Dividend History

Pay Date	Amount	Ex Dividend Date	Record Date
September 17, 2025	$0.38	09/05/2025	09/05/2025
June 18, 2025	$0.37	06/06/2025	06/06/2025
March 19, 2025	$0.37	03/07/2025	03/07/2025
December 18, 2024	$0.36	12/06/2024	12/06/2024
September 18, 2024	$0.36	09/06/2024	09/06/2024
June 19, 2024	$0.35	06/07/2024	06/07/2024
March 13, 2024	$0.35	02/29/2024	03/01/2024
December 13, 2023	$0.34	11/30/2023	12/01/2023
September 13, 2023	$0.34	08/31/2023	09/01/2023
June 14, 2023	$0.33	06/01/2023	06/02/2023
March 15, 2023	$0.33	03/02/2023	03/03/2023
December 14, 2022	$0.32	12/01/2022	12/02/2022
September 14, 2022	$0.32	09/01/2022	09/02/2022
June 15, 2022	$0.31	06/02/2022	06/03/2022
March 16, 2022	$0.31	03/03/2022	03/04/2022
December 15, 2021	$0.30	12/02/2021	12/03/2021
September 15, 2021	$0.30	09/02/2021	09/03/2021
June 16, 2021	$0.29	06/03/2021	06/04/2021
March 17, 2021	$0.29	03/04/2021	03/05/2021
December 16, 2020	$0.28	12/03/2020	12/04/2020
September 16, 2020	$0.28	09/03/2020	09/04/2020
June 17, 2020	$0.28	06/04/2020	06/05/2020
March 18, 2020	$0.28	03/05/2020	03/06/2020
December 18, 2019	$0.27	12/05/2019	12/06/2019
September 18, 2019	$0.27	09/05/2019	09/06/2019
June 19, 2019	$0.26	06/06/2019	06/07/2019
March 20, 2019	$0.26	03/07/2019	03/08/2019
December 19, 2018	$0.25	12/06/2018	12/07/2018
December 19, 2018	$0.75	12/06/2018	12/07/2018
September 19, 2018	$0.24	09/06/2018	09/07/2018
June 20, 2018	$0.22	06/07/2018	06/08/2018
March 21, 2018	$0.22	03/08/2018	03/09/2018
December 20, 2017	$0.19	12/07/2017	12/08/2017
September 20, 2017	$0.19	09/07/2017	09/08/2017
June 21, 2017	$0.18	06/07/2017	06/09/2017
March 22, 2017	$0.18	03/08/2017	03/10/2017
December 21, 2016	$0.17	12/07/2016	12/09/2016
December 21, 2016	$0.50	12/07/2016	12/09/2016
September 21, 2016	$0.17	09/07/2016	09/09/2016
June 23, 2016	$0.16	06/08/2016	06/10/2016
March 23, 2016	$0.16	03/09/2016	03/11/2016
December 23, 2015	$0.15	12/09/2015	12/11/2015
September 23, 2015	$0.15	09/09/2015	09/11/2015
June 24, 2015	$0.14	06/10/2015	06/12/2015
March 25, 2015	$0.14	03/11/2015	03/13/2015
December 24, 2014	$0.12	12/10/2014	12/12/2014
September 24, 2014	$0.12	09/10/2014	09/12/2014
June 25, 2014	$0.12	06/11/2014	06/13/2014
May 29, 2014	$2.00	05/20/2014	05/22/2014
March 10, 2014	$0.12	02/06/2014	02/10/2014
December 10, 2013	$0.12	11/06/2013	11/08/2013
September 10, 2013	$0.12	08/07/2013	08/09/2013
June 10, 2013	$0.11	05/08/2013	05/10/2013
March 08, 2013	$0.10	02/06/2013	02/08/2013
December 10, 2012	$0.09	11/07/2012	11/09/2012
March 10, 2010	$0.01	02/08/2010	02/10/2010
December 10, 2009	$0.01	11/06/2009	11/10/2009
September 10, 2009	$0.01	08/06/2009	08/10/2009
June 10, 2009	$0.01	05/06/2009	05/08/2009
March 10, 2009	$0.04	02/06/2009	02/10/2009
December 10, 2008	$0.04	11/06/2008	11/10/2008
September 10, 2008	$0.04	08/06/2008	08/08/2008
June 10, 2008	$0.08	05/07/2008	05/09/2008
March 10, 2008	$0.15	02/06/2008	02/08/2008
December 10, 2007	$0.14	11/07/2007	11/09/2007
September 10, 2007	$0.14	08/08/2007	08/10/2007
June 08, 2007	$0.14	05/08/2007	05/10/2007
March 09, 2007	$0.14	02/07/2007	02/09/2007
December 08, 2006	$0.13	11/08/2006	11/10/2006
September 08, 2006	$0.13	08/08/2006	08/10/2006
June 09, 2006	$0.13	05/15/2006	05/17/2006
March 10, 2006	$0.12	02/08/2006	02/10/2006
December 09, 2005	$0.11	11/08/2005	11/10/2005
September 09, 2005	$0.11	08/08/2005	08/10/2005
June 10, 2005	$0.11	05/06/2005	05/10/2005
March 10, 2005	$0.10	02/08/2005	02/10/2005
December 10, 2004	$0.09	11/08/2004	11/10/2004
September 10, 2004	$0.09	08/06/2004	08/10/2004
June 10, 2004	$0.09	05/06/2004	05/10/2004
March 10, 2004	$0.09	02/06/2004	02/10/2004

Dividends Summary

Mercantile Bank Corp has issued 80 dividend payments over the past 21 years
The most recent dividend was paid 35 days ago, on June 18, 2025
The first recorded dividend was paid on March 10, 2004
The highest dividend payout was $2.00 per share
The average dividend over this 21 year span is $0.22 per share
Mercantile Bank Corp has increased its dividend payments by 322.22% since 2004

Company News

Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Definitive Merger Agreement

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.

Benzinga
Federal Home Loan Bank of Indianapolis awards a record $17.7 million in Affordable Housing Program grants across Michigan

The Federal Home Loan Bank of Indianapolis announced a record $17.7 million in Affordable Housing Program grants to 23 projects in Michigan, resulting in 1,017 affordable housing units. This is a significant increase from the previous record of $6.6 million in 2023.

GlobeNewswire Inc.

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Mercantile Bank Corp director sells over $240k in company stock - Investing.com

Mercantile Bank Corp director Robert B. Kaminski sold 5,000 shares of the company's stock, resulting in proceeds exceeding $240,000. The transactions were part of regular financial disclosures, and do not necessarily signal a change in the company's fundamentals.

Investing.com
Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Mercantile Bank (MBWM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research
Dividend Champion, Contender, And Challenger Highlights: Week Of November 26

Weekly summary of dividend activity for Dividend Champions, Contenders, Challengers. Read more to see the companies with upcoming ex-dividend dates.

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Page data last updated 07/22/2025 23:58:12 UTC Dividend yield is calculated using only dividends that have already been paid. Future or declared dividends are not included

Mercantile Bank Corp (MBWM) Dividend History

Dividend History

Dividends Summary

Company News

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