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MBWM DRIP Calculator & Dividend Yield 2026
2.58% YieldFinancial ServicesMercantile Bank Corporation · NASDAQ
Price: $60.42 · Annual div: $1.56/share · Frequency: quarterly · Payout ratio: 29% · Ex-div: 2026-12-04
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Portfolio growth: DRIP vs No DRIP
Annual dividend income growth
💡 What-if scenarios
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🎯 When MBWM pays your bills
Year your monthly dividend income covers each expense (based on current settings)
MBWM Dividend History — Last 80 Payments
| Ex-Dividend Date | Payment Date | Amount / Share | TTM Yield | Stock Price |
|---|---|---|---|---|
| 2026-12-04Latest | 2026-12-16 | $0.4000 | — | — |
| 2026-09-04 | 2026-09-16 | $0.4000 | 3.28% | $59.14 |
| 2026-06-05 | 2026-06-17 | $0.3900 | 3.67% | $52.03 |
| 2026-03-06 | 2026-03-18 | $0.3900 | 3.60% | $52.54 |
| 2025-12-05 | 2025-12-17 | $0.3800 | 4.00% | $46.51 |
| 2025-09-05 | 2025-09-17 | $0.3800 | 3.75% | $49.06 |
| 2025-06-06 | 2025-06-18 | $0.3700 | 4.14% | $43.68 |
| 2025-03-07 | 2025-03-19 | $0.3700 | 2.99% | $48.09 |
| 2024-12-06 | 2024-12-18 | $0.3600 | 2.80% | $50.70 |
| 2024-09-06 | 2024-09-18 | $0.3600 | 3.06% | $45.69 |
| 2024-06-07 | 2024-06-19 | $0.3500 | 3.66% | $37.68 |
| 2024-02-29 | 2024-03-13 | $0.3500 | 4.25% | $39.78 |
| 2023-11-30 | 2023-12-13 | $0.3400 | 5.03% | $32.97 |
| 2023-08-31 | 2023-09-13 | $0.3400 | 4.65% | $35.24 |
| 2023-06-01 | 2023-06-14 | $0.3300 | 6.08% | $26.47 |
| 2023-03-02 | 2023-03-15 | $0.3300 | 4.57% | $34.83 |
| 2022-12-01 | 2022-12-14 | $0.3200 | 4.50% | $34.70 |
| 2022-09-01 | 2022-09-14 | $0.3200 | 4.67% | $32.96 |
| 2022-06-02 | 2022-06-15 | $0.3100 | 4.62% | $32.71 |
| 2022-03-03 | 2022-03-16 | $0.3100 | 4.19% | $35.58 |
| 2021-12-02 | 2021-12-15 | $0.3000 | 4.38% | $33.30 |
| 2021-09-02 | 2021-09-15 | $0.3000 | 4.60% | $31.30 |
| 2021-06-03 | 2021-06-16 | $0.2900 | 4.34% | $32.75 |
| 2021-03-04 | 2021-03-17 | $0.2900 | 4.63% | $30.47 |
| 2020-12-03 | 2020-12-16 | $0.2800 | — | — |
| 2020-09-03 | 2020-09-16 | $0.2800 | — | — |
| 2020-06-04 | 2020-06-17 | $0.2800 | — | — |
| 2020-03-05 | 2020-03-18 | $0.2800 | — | — |
| 2019-12-05 | 2019-12-18 | $0.2700 | — | — |
| 2019-09-05 | 2019-09-18 | $0.2700 | — | — |
| 2019-06-06 | 2019-06-19 | $0.2600 | — | — |
| 2019-03-07 | 2019-03-20 | $0.2600 | — | — |
| 2018-12-06 | 2018-12-19 | $1.0000 | — | — |
| 2018-09-06 | 2018-09-19 | $0.2400 | — | — |
| 2018-06-07 | 2018-06-20 | $0.2200 | — | — |
| 2018-03-08 | 2018-03-21 | $0.2200 | — | — |
| 2017-12-07 | 2017-12-20 | $0.1900 | — | — |
| 2017-09-07 | 2017-09-20 | $0.1900 | — | — |
| 2017-06-07 | 2017-06-21 | $0.1800 | — | — |
| 2017-03-08 | 2017-03-22 | $0.1800 | — | — |
| 2016-12-07 | 2016-12-21 | $0.6700 | — | — |
| 2016-09-07 | 2016-09-21 | $0.1700 | — | — |
| 2016-06-08 | 2016-06-23 | $0.1600 | — | — |
| 2016-03-09 | 2016-03-23 | $0.1600 | — | — |
| 2015-12-09 | 2015-12-23 | $0.1500 | — | — |
| 2015-09-09 | 2015-09-23 | $0.1500 | — | — |
| 2015-06-10 | 2015-06-24 | $0.1400 | — | — |
| 2015-03-11 | 2015-03-25 | $0.1400 | — | — |
| 2014-12-10 | 2014-12-24 | $0.1200 | — | — |
| 2014-09-10 | 2014-09-24 | $0.1200 | — | — |
| 2014-06-11 | 2014-06-25 | $0.1200 | — | — |
| 2014-05-20 | 2014-05-29 | $2.0000 | — | — |
| 2014-03-07 | 2014-03-27 | $0.0600 | — | — |
| 2014-02-06 | 2014-03-10 | $0.1200 | — | — |
| 2013-12-11 | 2013-12-26 | $0.0600 | — | — |
| 2013-11-06 | 2013-12-10 | $0.1200 | — | — |
| 2013-09-06 | 2013-09-26 | $0.0600 | — | — |
| 2013-08-07 | 2013-09-10 | $0.1200 | — | — |
| 2013-06-07 | 2013-06-27 | $0.0600 | — | — |
| 2013-05-08 | 2013-06-10 | $0.1100 | — | — |
| 2013-03-08 | 2013-03-28 | $0.0600 | — | — |
| 2013-02-06 | 2013-03-08 | $0.1000 | — | — |
| 2012-12-18 | 2012-12-31 | $0.2000 | — | — |
| 2012-11-20 | 2012-12-13 | $0.0100 | — | — |
| 2012-11-07 | 2012-12-10 | $0.0900 | — | — |
| 2012-08-22 | 2012-09-13 | $0.0100 | — | — |
| 2012-05-23 | 2012-06-14 | $0.0100 | — | — |
| 2012-02-22 | 2012-03-15 | $0.0600 | — | — |
| 2011-11-22 | 2011-12-15 | $0.0100 | — | — |
| 2011-08-24 | 2011-09-15 | $0.0100 | — | — |
| 2011-05-25 | 2011-06-16 | $0.0100 | — | — |
| 2011-02-23 | 2011-03-17 | $0.0100 | — | — |
| 2010-11-23 | 2010-12-16 | $0.0100 | — | — |
| 2010-08-25 | 2010-09-16 | $0.0100 | — | — |
| 2010-05-26 | 2010-06-17 | $0.0100 | — | — |
| 2010-02-17 | 2010-03-11 | $0.0500 | — | — |
| 2010-02-08 | 2010-03-10 | $0.0100 | — | — |
| 2009-11-24 | 2009-12-17 | $0.1000 | — | — |
| 2009-11-06 | 2009-12-10 | $0.0100 | — | — |
| 2009-08-26 | 2009-09-17 | $0.1000 | — | — |
About Mercantile Bank Corporation (MBWM) — Dividend Analysis 2026
Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States. The institution facilitates a diverse range of deposit offerings, including checking, savings, term certificates, time deposits, and certificates of deposit (CDs). Its extensive lending portfolio encompasses commercial and industrial financing; loans for vacant land, property development, and new home construction; mortgages for both owner-occupied and investment real estate (such as multi-family and rental properties); single-family residential loans; home equity lines of credit (HELOCs); and various consumer loans, including funding for new and pre-owned vehicles, watercraft, credit cards, and overdraft protection, alongside residential mortgage and installment options. Beyond core banking, Mercantile Bank supplies additional conveniences like courier services and secure deposit boxes. It also markets a comprehensive array of insurance policies, such as coverage for private auto, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella liability, small business needs, and life insurance. The bank's infrastructure further includes 22 automated teller machines (ATMs) and 19 video banking machines. As of January 18, 2022, the company maintained 44 branch locations. Established in 1997, Mercantile Bank Corporation's main office is situated in Grand Rapids, Michigan.
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Forward dividend yield from the latest data · open any DRIP calculator
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🌍 MBWM Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold MBWM.
| Account/Country | Tax Rate | After-tax Yield | Real Yield | $10K Annual Income |
|---|---|---|---|---|
| 🇺🇸 Roth IRA / 401k | 0% | 2.58% | -0.22% | $258 / yr |
| 🇺🇸 US Taxable (15%) ✓ | 15% | 2.19% | -0.61% | $219 / yr |
| 🇺🇸 US Taxable (20%) | 20% | 2.06% | -0.74% | $206 / yr |
| 🇬🇧 UK ISA | 0% | 2.58% | -0.22% | $258 / yr |
| 🇬🇧 UK Taxable | 8.75% | 2.35% | -0.45% | $235 / yr |
| 🇨🇦 TFSA | 0% | 2.58% | -0.22% | $258 / yr |
| 🇨🇦 CA Taxable | 25% | 1.94% | -0.86% | $194 / yr |
| 🇦🇺 Super (pension) | 15% | 2.19% | -0.61% | $219 / yr |
| 🇦🇺 AU Taxable | 30% | 1.81% | -0.99% | $181 / yr |
| 🇩🇪 DE Taxable | 26.375% | 1.90% | -0.90% | $190 / yr |
| 🇫🇷 FR Taxable | 30% | 1.81% | -0.99% | $181 / yr |
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 MBWM Income Goal & Break-Even
12-month CPI (US BLS via FMP economic-indicators).
Based on current dividend of $1.56/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 MBWM Dividend Payment Schedule
MBWM pays quarterly — 4 times per year. Ex-div: 2026-12-04.
📊 MBWM vs Financial Services Benchmarks
How MBWM compares to typical Financial Services averages.
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for MBWM sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ MBWM Insider Activity
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
| Insider | Title | Type | Date | Shares | Price | Total Value |
|---|---|---|---|---|---|---|
| A-Award | 2026-05-22 | 715 | — | — | ||
| A-Award | 2026-05-22 | 753 | — | — | ||
| A-Award | 2026-05-22 | 830 | — | — | ||
| A-Award | 2026-05-22 | 715 | — | — | ||
| A-Award | 2026-05-22 | 1,096 | — | — | ||
| A-Award | 2026-05-22 | 715 | — | — | ||
| A-Award | 2026-05-22 | 715 | — | — | ||
| A-Award | 2026-05-22 | 801 | — | — | ||
| A-Award | 2026-05-22 | 715 | — | — | ||
| A-Award | 2026-05-22 | 715 | — | — |
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
Analyst Price Target
Wall Street consensusAnalyst consensus price target via FMP. Not a guarantee of future performance. Past analyst accuracy varies.
Peer Group
Similar companies in the same sectorCompare MBWM with peers: MBWM vs AMTB · MBWM vs BFST · MBWM vs CCNE
Financial Health Scores
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the MBWM dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →
Mercantile Bank Corporation (MBWM) is currently trading at $60.42, trading near its 52-week high. The current dividend yield is 2.58% based on an annual payout of $1.56 per share.
MBWM (Mercantile Bank Corporation) — 2.58% Dividend Yield Analysis
Mercantile Bank Corporation (MBWM) is a financial services stock currently trading at $60.42 with a dividend yield of 2.58%. It pays an annual dividend of $1.56 per share. The payout ratio of 29% suggests the dividend is well-covered by earnings. Over the past 5 years, MBWM has grown its dividend at a compound annual rate of 6.0%.
- Dividend payments are not guaranteed and can be reduced or suspended at any time.
Auto-generated from live market data. For educational purposes only — not financial advice.
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Illustrative examples of common use cases, written by the DividendFlow team — not customer reviews.