Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. The company is headquartered in Grand Rapids, Michigan and currently employs 683 full-time employees. The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. The company also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Petoskey, Michigan, Saginaw, Michigan, and Midland, Michigan. The company makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. The company also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.
Mercantile Bank Corp has an annual dividend of 1.52 per share, with a yield of 3.0164%. The dividend is paid quarterly and the last ex-dividend date was Dec 5, 2025.
Dividend Yield
Annual Dividend
Ex-Dividend Date
3.0164%
$1.52
Dec 5, 2025
Payout Frequency
Payout Ratio
Quarterly
27.57%
Dividend History
Ex-Dividend Date
Cash Amount
Record Date
Pay Date
Dec 5, 2025
$0.38
Dec 5, 2025
Dec 17, 2025
Sep 5, 2025
$0.38
Sep 5, 2025
Sep 17, 2025
Jun 6, 2025
$0.37
Jun 6, 2025
Jun 18, 2025
Mar 7, 2025
$0.37
Mar 7, 2025
Mar 19, 2025
Dec 6, 2024
$0.36
Dec 6, 2024
Dec 18, 2024
Sep 6, 2024
$0.36
Sep 6, 2024
Sep 18, 2024
Dividend Charts
MBWM Dividends
MBWM Dividend Growth (YoY)
Follow-Up Questions
What is Mercantile Bank Corp's current dividend paid and annual dividend?
What is Mercantile Bank Corp's dividend payout ratio?
What is the ex-dividend date for MBWM?
How often does Mercantile Bank Corp pay dividends?