MBWMNasdaqState Commercial BanksFiscal year ends December 31
MERCANTILE BANK CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$58.42−0.19 (-0.32%)
Close on Oct 19, 2026
- Market cap
- $1.01B
- P/E (TTM)
- 10.3
- Dividend yield
- 2.57%
Dividends
Dividend declared per share by fiscal year, adjusted for stock splits
Per share, FY2025
$1.50
+7.1% on the prior year
Consecutive increases
6 years
Every year since FY2019
Dividend yield
2.57%
Latest annual dividend ÷ share price
Payout ratio, FY2025
27.0%
Dividends paid ÷ net income
Dividend history
By fiscal year
| Fiscal year | Per share | Change | Cash paid | Payout ratio |
|---|---|---|---|---|
| FY2025 | $1.50 | +7.1% | $23.95M | 27.0% |
| FY2024 | $1.40 | +4.5% | $22.47M | 28.2% |
| FY2023 | $1.34 | +6.3% | $21.00M | 25.5% |
| FY2022 | $1.26 | +6.8% | $19.60M | 32.1% |
| FY2021 | $1.18 | +5.4% | $18.52M | 31.4% |
| FY2020 | $1.12 | +5.7% | $17.93M | 40.6% |
| FY2019 | $1.06 | – | $17.11M | 34.6% |
| FY2018 | – | – | $27.50M | 65.4% |
| FY2017 | – | – | $12.05M | 38.5% |
| FY2016 | – | – | $18.73M | 58.7% |
| FY2015 | – | – | $9.52M | 35.2% |
| FY2014 | – | – | $24.46M | 141.2% |
| FY2013 | $0.45 | +400.0% | $3.89M | 22.8% |
| FY2012 | $0.09 | – | $774.00K | 6.2% |
| FY2011 | – | – | $0 | 0.0% |
Ex-dividend and payment dates for each distribution will appear once a dividend calendar source is connected.