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Dividend Vision

MBWM — Mercantile Bank Corporation

Mercantile Bank Corporation (MBWM)

MBWM pays a 2.51% distribution rate, quarterly. Its Distribution Safety Score™ is 97 (Safe), giving a Safety-Adjusted Yield of 2.43%. Distributions grew 4.2% over the past year. Total return is 2233.1% over the past 28.8 years, 978.2 points ahead of SPY at 1254.9%. Its deepest 1-year drawdown was 12.7%.

Mercantile Bank Corporation operates as the holding company for Mercantile Bank, providing commercial and retail banking services to small- to medium-sized businesses and individuals across the United States through lending, deposit products, and insurance offerings. The company distributes dividends quarterly at a modest current rate. This stock may appeal to income investors seeking exposure to regional banking with steady dividend payments.

MBWM key facts

Distribution Safety Score™
97 · Safe
Safety-Adjusted Yield
2.43%
Asset type
Stock
Asset class
Equity
Inception date
10/24/1997
Distribution rate
2.51%
Distribution frequency
Quarterly
Trailing yield
2.50%
5-year average yield
3.49
Last close
$61.56
Market cap
$998,458,944
Average volume
78600.0
Last dividend
$0.3900
Ex-dividend date
06/05/2026
Payment date
06/17/2026
Beta
0.815
Payout ratio
0.2697
P/E ratio
10.3584
Forward P/E
10.8696
EPS
$5.58