■ Increase · September 5, 2026 · detected in DividendSmart market data
MBWM Raises Quarterly Dividend 2.6% to $0.40 Per Share
Mercantile Bank Corporation (MBWM) increases its quarterly dividend to $0.40 per share, a 2.6% rise from the previous $0.39.
MBWM (Mercantile Bank Corporation) has announced a quarterly dividend increase. The new dividend of $0.4000 per share represents a 2.56% increase over the previous $0.3900. The ex-dividend date for this payment is set for 2026-09-04.
The numbers
This marks the latest in a series of quarterly payments. Recent payments have shown a steady upward trend: $0.37 (June 2025), $0.38 (September 2025), $0.38 (December 2025), $0.39 (March 2026), $0.39 (June 2026), and now $0.40 (September 2026). The company has increased its dividend for six consecutive years, with a five-year compound annual growth rate (CAGR) of 6.0%. At the current stock price of $62.14, the trailing twelve-month (TTM) dividend yield is 2.51%, with TTM dividend per share of $1.5600.
What it means for income investors
For income-focused investors, the new quarterly rate of $0.40 implies an annualized dividend of $1.60 per share. On a 100-share position, that would amount to $160 per year in dividend income, up from $156 previously. The company's consistent dividend growth over the past six years may appeal to those seeking a growing income stream. For a detailed look at MBWM's dividend history, visit our dedicated page.
Reporting based on: DividendSmart market data. Figures verified against market data where available.