Mercantile Bank (Mercantile Bank) Dividend Payout Ratio : 0.27 (As of Dec. 2023)

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What is Mercantile Bank Dividend Payout Ratio?

Mercantile Bank's dividend payout ratio for the months ended in Dec. 2023 was 0.27.

The historical rank and industry rank for Mercantile Bank's Dividend Payout Ratio or its related term are showing as below:

MBWM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.34 Max: 0.41
Current: 0.26

During the past 13 years, the highest Dividend Payout Ratio of Mercantile Bank was 0.41. The lowest was 0.26. And the median was 0.34.

MBWM's Dividend Payout Ratio is ranked better than
67.43% of 1090 companies
in the Banks industry
Industry Median: 0.34 vs MBWM: 0.26

As of today (2024-04-25), the Dividend Yield % of Mercantile Bank is 3.76%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Mercantile Bank was 6.24%. The lowest was 1.06%. And the median was 2.71%.

Mercantile Bank's Dividends per Share for the months ended in Dec. 2023 was $0.34.

During the past 12 months, Mercantile Bank's average Dividends Per Share Growth Rate was 6.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mercantile Bank was 255.70% per year. The lowest was -73.80% per year. And the median was 14.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Mercantile Bank Dividend Payout Ratio Historical Data

The historical data trend for Mercantile Bank's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mercantile Bank Dividend Payout Ratio Chart

Mercantile Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.35

0.41

0.32

0.33

0.26

Mercantile Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.23	0.25	0.26	0.27	0.27

Competitive Comparison of Mercantile Bank's Dividend Payout Ratio

For the Banks - Regional subindustry, Mercantile Bank's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mercantile Bank's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mercantile Bank's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Mercantile Bank's Dividend Payout Ratio falls into.

Mercantile Bank Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Mercantile Bank's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.34	/	5.13
	=	0.26

Mercantile Bank's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.34	/	1.269
	=	0.27

Mercantile Bank (NAS:MBWM) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Mercantile Bank Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Mercantile Bank's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Mercantile Bank (Mercantile Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantile Bank Corp (NAS:MBWM) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

MCS:Germany

Address

310 Leonard Street NW, Grand Rapids, MI, USA, 49504

Website

https://www.mercbank.com

Mercantile Bank Corp operates as a bank holding company. The bank provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.

Executives

Amy L Sparks	director	C/O MERCANTILE BANK CORPORATION, 310 LEONARD ST., GRAND RAPIDS MI 49504
Michael H Price	director, officer: President & COO	MERCANTILE BANK CORP, 5650 BYRON CENTER SW, WYOMING MI 49509
David B Ramaker	director	235 E. MAIN STREET, MIDLAND MI 48640
Robert T. Worthington	officer: SENIOR V.P., GENERAL COUNSEL	310 LEONARD ST NW, GRAND RAPIDS MI 49504
Brett Hoover	officer: SVP, Human Resources Director	310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Lonna Wiersma	officer: SVP, Human Resources Director	C/O MERCANTILE BANK CORPORATION, 310 LEONARD ST., GRAND RAPIDS MI 49504
Michael S. Davenport	director	310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Michelle Larabee Eldridge	director	259 E. MICHIGAN AVE., SUITE 105, KALAMAZOO MI 49007
Edward B Grant	director
Thomas R Sullivan	director, officer: CHAIRMAN OF THE BOARD
Edward J Clark	director	C/O AMERICAN SEATING CO, 401 AMERICAN SEATING CENTER N.W., GRAND RAPIDS MI 49504-4499
Raymond E. Reitsma	director	310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Jeff A Gardner	director	C/O FIRSTBANK CORPORATION, 311 WOODWORTH AVENUE, ALMA MI 48801
Samuel G Stone	officer: EXECUTIVE VICE PRESIDENT
Robert B Kaminski	officer: Senior VP & Secretary	C/O MERCANTILE BANK CORP, 5650 BYRON CENTER AVENUE SW, WYOMING MI 49509