Mercantile Bank Corp Stock Historical Dividends and Yields
Mercantile Bank Corp (FRA:MCS) pays a dividend yield of 2.58% ($1.94 per share annually). The payout ratio is 0.26. The 5-year dividend growth rate is 6.1%. Mercantile Bank Corp has been paying dividends since 2021.
Below is Mercantile Bank Corp's complete dividend history, ex-dividend dates, payout ratio trends, and dividend yield charts.
Dividend started since
Years of Dividend History
Years of No Dividend Reduction
Years of Dividend Increase
Dividend Yield
Dividend Payout Ratio
Growth Rate (5-Year)
Yield on Cost (5-Year)
3-Year Share Buyback Ratio
Dividend Growth
| Growth Rate | Yield on Cost | |
|---|---|---|
| 1 Year | 5.5% | 2.72% |
| 3 Year | 6% | 3.07% |
| 5 Year | 6.1% | 3.47% |
| 10 Year | 9.8% | 6.57% |
Mercantile Bank Corp Dividend History & Ex-Dividend Dates
Complete history of 23 dividend payments by Mercantile Bank Corp since 2021. Each row shows the ex-dividend date, amount per share, record date, pay date, and declaration date.
| Ex-Dividend Date | Amount | Record Date | Pay Date | Declaration Date |
|---|---|---|---|---|
| 2026-09-04 | USD 0.4 | 2026-09-04 | 2026-09-16 | 2026-07-21 |
| 2026-06-05 | USD 0.39 | 2026-06-05 | 2026-06-17 | 2026-04-21 |
| 2026-03-06 | USD 0.39 | 2026-03-06 | 2026-03-18 | 2026-01-15 |
| 2025-12-05 | USD 0.38 | 2025-12-05 | 2025-12-17 | 2025-10-21 |
| 2025-09-05 | USD 0.38 | 2025-09-05 | 2025-09-17 | 2025-07-22 |
| 2025-06-06 | USD 0.37 | 2025-06-06 | 2025-06-18 | 2025-04-22 |
| 2025-03-07 | USD 0.37 | 2025-03-07 | 2025-03-19 | 2025-01-21 |
| 2024-12-06 | USD 0.36 | 2024-12-06 | 2024-12-18 | 2024-10-10 |
| 2024-09-06 | USD 0.36 | 2024-09-06 | 2024-09-18 | 2024-07-12 |
| 2024-06-07 | USD 0.35 | 2024-06-07 | 2024-06-19 | 2024-04-11 |
| 2024-02-29 | USD 0.35 | 2024-03-01 | 2024-03-13 | 2024-01-11 |
| 2023-11-30 | USD 0.34 | 2023-12-01 | 2023-12-13 | 2023-10-17 |
| 2023-08-31 | USD 0.34 | 2023-09-01 | 2023-09-13 | 2023-07-17 |
| 2023-06-01 | USD 0.33 | 2023-06-02 | 2023-06-14 | 2023-04-18 |
| 2023-03-02 | USD 0.33 | 2023-03-03 | 2023-03-15 | 2023-01-17 |
| 2022-12-01 | USD 0.32 | 2022-12-02 | 2022-12-14 | 2022-10-18 |
| 2022-09-01 | USD 0.32 | 2022-09-02 | 2022-09-14 | 2022-07-19 |
| 2022-06-02 | USD 0.31 | 2022-06-03 | 2022-06-15 | 2022-04-19 |
| 2022-03-03 | USD 0.31 | 2022-03-04 | 2022-03-16 | 2022-01-13 |
| 2021-12-02 | USD 0.3 | 2021-12-03 | 2021-12-15 | 2021-10-19 |
| 2021-09-02 | USD 0.3 | 2021-09-03 | 2021-09-15 | 2021-07-15 |
| 2021-06-03 | USD 0.29 | 2021-06-04 | 2021-06-16 | 2021-04-20 |
| 2021-03-04 | USD 0.29 | 2021-03-05 | 2021-03-17 | 2021-01-19 |
Frequently Asked Questions: FRA:MCS Dividend
What is Mercantile Bank Corp's (FRA:MCS) current dividend yield?
Mercantile Bank Corp (FRA:MCS) currently has a dividend yield of 2.58%, paying $1.94 per share annually. The forward yield is 2.64%.
What is Mercantile Bank Corp's payout ratio?
Mercantile Bank Corp's payout ratio is 0.26, which represents the percentage of earnings paid out as dividends. A lower payout ratio generally suggests more room for future dividend growth and greater safety during earnings downturns.
How long has Mercantile Bank Corp been paying dividends?
Mercantile Bank Corp has been paying dividends since 2021, a 5-year track record. The company has increased its dividend consistently since 2021.
Is Mercantile Bank Corp's dividend growing?
Mercantile Bank Corp's dividend has grown at an annualized rate of 6.1% over the past 5 years and 9.8% over the past 10 years. This positive growth rate indicates consistent dividend increases.
Where can I see Mercantile Bank Corp's complete dividend data?
Above this section you'll find Mercantile Bank Corp's complete dividend payment history, ex-dividend dates, payout ratio trends, and yield charts. For broader analysis of Mercantile Bank Corp as an investment, visit the Mercantile Bank Corp Stock summary page on GuruFocus.
Dividend Yield History
Dividend Per Share History
Dividend Payout Ratio
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