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MBWM Projected Dividend Yield

Mercantile Bank Corp. ( NASDAQ : MBWM )

Mercantile Bank is a bank holding company. Through Co.'s subsidiary, Mercantile Bank of Michigan (Co.'s bank), Co. provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Co.'s operations are centered around the West and Central portions of Michigan. Co.'s bank makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. Co.'s commercial lending group originates commercial loans primarily in its market areas. In addition, Co. originates single-family residential real estate loans in its market areas, generally according to secondary market underwriting standards.

30 YEAR PERFORMANCE RESULTS

MBWM Dividend History Detail
MBWM Dividend News
MBWM Competitors News

# of Shares: 0

Closing Price: 38.14

Current Market Value: 0.00

Cost Basis: 0.00

Date Acquired:

Dividend Cash Flow
Year	Annual Dividend	Dividend Growth	# of Shares	Annual Dividend Income	Yield On Cost %
2004	0.23	0%	0	$ 0.00	0.00%
2005	0.38	63%	0	$ 0.00	0.00%
2006	0.48	26%	0	$ 0.00	0.00%
2007	0.55	15%	0	$ 0.00	0.00%
2008	0.31	0%	0	$ 0.00	0.00%
2009	0.07	0%	0	$ 0.00	0.00%
2010	0.01	0%	0	$ 0.00	0.00%
2011	0.00	0%	0	$ 0.00	0.00%
2012	0.09	0%	0	$ 0.00	0.00%
2013	0.45	400%	0	$ 0.00	0.00%
2014	2.48	451%	0	$ 0.00	0.00%
2015	0.58	0%	0	$ 0.00	0.00%
2016	1.16	100%	0	$ 0.00	0.00%
2017	0.74	0%	0	$ 0.00	0.00%
2018	1.68	127%	0	$ 0.00	0.00%
2019	1.06	0%	0	$ 0.00	0.00%
2020	1.12	6%	0	$ 0.00	0.00%
2021	1.18	5%	0	$ 0.00	0.00%
2022	1.26	7%	0	$ 0.00	0.00%
2023	1.34	6%	0	$ 0.00	0.00%
2024	1.40	6%	0	$ 0.00	3.67%
2025	1.45	6%	0	$ 0.00	3.90%
2026	1.54	6%	0	$ 0.00	4.14%
2027	1.63	6%	0	$ 0.00	4.40%
2028	1.73	6%	0	$ 0.00	4.68%
2029	1.84	6%	0	$ 0.00	4.97%
2030	1.96	6%	0	$ 0.00	5.28%
2031	2.08	6%	0	$ 0.00	5.61%
2032	2.21	6%	0	$ 0.00	5.96%
2033	2.35	6%	0	$ 0.00	6.33%
2034	2.49	6%	0	$ 0.00	6.73%
Using the current years Dividend Growth rate of 6% and projecting 6% forward the annual dividend income in 10yrs would be $ 0.00 with a yield on cost % of 6.73%
Rolling Last 4 qtrs dividends total $ 1.36 and Previous last 4 qtrs dividends total $ 1.28
Dividend 1 Yr Growth = ( 1.36 – 1.28 ) × 100 = 6% (Click the Edit pencil if you want to modify the forward dividend growth rate projection) 1.28

Year	Declaration Date	Ex-Dividend Date	Record Date	Payable Date	Dividend $ Amount
2024	Apr 11, 2024	Jun 07, 2024	Jun 07, 2024	Jun 19, 2024	0.3500
2024	Jan 11, 2024	Feb 29, 2024	Mar 01, 2024	Mar 13, 2024	0.3500
2024 Total:					0.7000
2023	Oct 12, 2023	Nov 30, 2023	Dec 01, 2023	Dec 13, 2023	0.3400
2023	Jul 13, 2023	Aug 31, 2023	Sep 01, 2023	Sep 13, 2023	0.3400
2023	Apr 18, 2023	Jun 01, 2023	Jun 02, 2023	Jun 14, 2023	0.3300
2023	Jan 12, 2023	Mar 01, 2023	Mar 03, 2023	Mar 15, 2023	0.3300
2023 Total:					1.3400
2022	Oct 18, 2022	Dec 01, 2022	Dec 02, 2022	Dec 14, 2022	0.3200
2022	Jul 14, 2022	Sep 01, 2022	Sep 02, 2022	Sep 14, 2022	0.3200
2022	Apr 14, 2022	Jun 02, 2022	Jun 03, 2022	Jun 15, 2022	0.3100
2022	Jan 13, 2022	Mar 03, 2022	Mar 04, 2022	Mar 16, 2022	0.3100
2022 Total:					1.2600
2021	Oct 14, 2021	Dec 02, 2021	Dec 03, 2021	Dec 15, 2021	0.3000
2021	Jul 15, 2021	Sep 02, 2021	Sep 03, 2021	Sep 15, 2021	0.3000
2021	Apr 15, 2021	Jun 03, 2021	Jun 04, 2021	Jun 16, 2021	0.2900
2021	Jan 14, 2021	Mar 04, 2021	Mar 05, 2021	Mar 17, 2021	0.2900
2021 Total:					1.1800
2020	Oct 15, 2020	Dec 03, 2020	Dec 04, 2020	Dec 16, 2020	0.2800
2020	Jul 16, 2020	Sep 03, 2020	Sep 04, 2020	Sep 16, 2020	0.2800
2020	Apr 16, 2020	Jun 04, 2020	Jun 05, 2020	Jun 17, 2020	0.2800
2020	Jan 16, 2020	Mar 05, 2020	Mar 06, 2020	Mar 18, 2020	0.2800
2020 Total:					1.1200
2019	Oct 10, 2019	Dec 05, 2019	Dec 06, 2019	Dec 18, 2019	0.2700
2019	Jul 11, 2019	Sep 05, 2019	Sep 06, 2019	Sep 18, 2019	0.2700
2019	Apr 11, 2019	Jun 06, 2019	Jun 07, 2019	Jun 19, 2019	0.2600
2019	Jan 22, 2019	Mar 07, 2019	Mar 08, 2019	Mar 20, 2019	0.2600
2019 Total:					1.0600