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Mercantile Bank Corporation  (MBWM)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

 

MBWM's Dividend Pay out ratio over the 12 Months Period

Cumulative by Quarter, Trailing twelve months


Due to increase in earnings per share in the third quarter 2023, Mercantile Bank's 12 Months dividend pay out ratio sequentially decreased to 24.64% in the third quarter 2023, unsurprisingly, as the Mercantile Bank earnings continue to rise, and the pay out ratio remains below MBWM's average, the question arises, if Mercantile Bank will increase the dividend soon.

Within Financial sector 406 other companies have achieved higher 12 Months dividend pay out ratio. While Cumulative dividend pay out ratio total ranking has improved so far during the III Quarter 2023, to 584, from total ranking in the second quarter 2023 at 935.


Dividend in Glossary



Cumulative Dividend Pay out Ratio III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
MBWM's Pay out Ratio (TTM) 24.64 % 25.82 % 28.61 % 32.58 % 38.35 %
MBWM's Dividend Pay out Ratio Total Ranking # 584 # 935 # 0 # 0 # 0

  News about Mercantile Bank Corporation Dividends

Mercantile Bank Corporation Declares $0.34 Quarterly Cash Dividend, Yielding 4.4%, Providing Stability to Shareholders Amidst Recent Market Challenges



In a move that aims to provide stability and reassurance to its valued shareholders, Mercantile Bank Corporation announced the declaration of a regular quarterly cash dividend of $0.34 on its common stock. The dividend yield of approximately 4.4% presents an attractive investment opportunity for shareholders, especially against the backdrop of recent market uncertainties.
The decision by the board of directors to declare this dividend reflects the company's commitment to rewarding its shareholders while demonstrating confidence in the future prospects of Mercantile Bank Corporation. Shareholders can derive considerable benefits from this dividend payout, as it not only offers a steady income stream but also enhances the overall value of their investment.


MBWM's Dividend Pay out Ratio Company Ranking
Within: No.
Regional Banks Industry # 117
Financial Sector # 407
S&P 500 # 584

Dividend Pay out Ratio Statistics
High Average Low
201.97 % 54.61 % 22.84 %
(March 31, 2015)   (Dec 31 2013)



Other Dividend Ratios
Highest Ranking Dividend Yield
Lowest Ranking Dividend Yield
Annual Dividend Pay out for MBWM
MBWM's Dividend Yield




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