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Mercantile Bank Corporation logo
Mercantile Bank Corporation
MBWM · US
Closed
$ 60.42 +0% ▲
YTD Change
+29.66%
1Y Change
+38.56%
Day Range
58.9 – 60.82
1Y Range
43.28 – 62.14
Div. Yield
3.24%
3M
1Y
5Y
10Y
All
$MBWM Dividend data
Undervalued
5.31%+
$MBWM has yielded this much or more in just 1 out of 5 trading days over the period — historically a cheap zone.
Average yield
4.12%
Half the time $MBWM has yielded more than this, half the time less — its historical median.
Overvalued
<3.15%
$MBWM has yielded this little or less in just 1 out of 5 trading days — historically a pricey zone.
Current yield
3.24%
Where Mercantile Bank Corporation stands right now versus its own history above.
Based on the trailing 10 years of Mercantile Bank Corporation's dividend yield history.
Geraldine Weiss dividend yield theory
3M
1Y
5Y
10Y
All
Price
Undervalued (yield 6.48%)
Fair value (orientative)
Overvalued (yield 1.61%)
🟡 Fair value zone · current yield 3.24%

The Geraldine Weiss dividend yield theory applied to Mercantile Bank Corporation ($MBWM) uses the stock's historical dividend yield range to estimate when the price is cheap or expensive relative to its own dividend-paying history (2016–2026). Based on that history, $MBWM is currently trading close to its fair value.

When the $MBWM yield climbs above 🟢 6.48%, the stock has historically been undervalued. When the yield falls below 🔴 1.61%, Mercantile Bank Corporation has historically been overvalued. The dashed 🟡 fair value (~4.04%) line marks the orientative midpoint between both extremes, not a price target.

Dividend Growth (CAGR)
CAGR 1Y
5.41%
CAGR 3Y
5.73%
CAGR 5Y
6.1%
CAGR 10Y
9.76%
Dividend Trend
Dividend History
Next dividend: 03 Dec 2026  ·  Payment: 15 Dec 2026  ·  Amount: 0.40 $
Ex-DatePayment DatePeriodCash AmountDeclaration Date
04 Dec 202616 Dec 2026–0.40 $20 Oct 2026
04 Sept 202616 Sept 2026Quarterly0.40 $ +2.56%16 Jul 2026
05 Jun 202617 Jun 2026Quarterly0.39 $16 Apr 2026
06 Mar 202618 Mar 2026Quarterly0.39 $ +2.63%15 Jan 2026
05 Dec 202517 Dec 2025Quarterly0.38 $16 Oct 2025
05 Sept 202517 Sept 2025Quarterly0.38 $ +2.7%17 Jul 2025
06 Jun 202518 Jun 2025Quarterly0.37 $17 Apr 2025
07 Mar 202519 Mar 2025Quarterly0.37 $ +2.78%16 Jan 2025
06 Dec 202418 Dec 2024Quarterly0.36 $10 Oct 2024
06 Sept 202418 Sept 2024Quarterly0.36 $ +2.86%11 Jul 2024
07 Jun 202419 Jun 2024Quarterly0.35 $ +2.94%11 Apr 2024
30 Nov 202313 Dec 2023Quarterly0.34 $12 Oct 2023
31 Aug 202313 Sept 2023Quarterly0.34 $ +3.03%13 Jul 2023
01 Jun 202314 Jun 2023Quarterly0.33 $13 Apr 2023
02 Mar 202315 Mar 2023Quarterly0.33 $ +3.13%12 Jan 2023
01 Dec 202214 Dec 2022Quarterly0.32 $13 Oct 2022
01 Sept 202214 Sept 2022Quarterly0.32 $ +3.23%14 Jul 2022
02 Jun 202215 Jun 2022Quarterly0.31 $14 Apr 2022
03 Mar 202216 Mar 2022Quarterly0.31 $ +3.33%18 Jan 2022
02 Dec 202115 Dec 2021Quarterly0.30 $19 Oct 2021
02 Sept 202115 Sept 2021Quarterly0.30 $ +3.45%20 Jul 2021
03 Jun 202116 Jun 2021Quarterly0.29 $15 Apr 2021
04 Mar 202117 Mar 2021Quarterly0.29 $ +3.57%19 Jan 2021
03 Dec 202016 Dec 2020Quarterly0.28 $15 Oct 2020
03 Sept 202016 Sept 2020Quarterly0.28 $16 Jul 2020
04 Jun 202017 Jun 2020Quarterly0.28 $16 Apr 2020
05 Mar 202018 Mar 2020Quarterly0.28 $ +3.7%16 Jan 2020
05 Dec 201918 Dec 2019Quarterly0.27 $10 Oct 2019
05 Sept 201918 Sept 2019Quarterly0.27 $ +3.85%11 Jul 2019
06 Jun 201919 Jun 2019Quarterly0.26 $11 Apr 2019
07 Mar 201920 Mar 2019Quarterly0.26 $ +11.16%22 Jan 2019
06 Dec 201819 Dec 2018Other1.00 $ +49.25%11 Oct 2018
06 Sept 201819 Sept 2018Quarterly0.2339 $ +9.1%12 Jul 2018
07 Jun 201820 Jun 2018Quarterly0.2144 $12 Apr 2018
08 Mar 201821 Mar 2018Quarterly0.2144 $ +15.77%11 Jan 2018
07 Dec 201720 Dec 2017Quarterly0.1852 $17 Oct 2017
07 Sept 201720 Sept 2017Quarterly0.1852 $ +5.53%13 Jul 2017
07 Jun 201721 Jun 2017Quarterly0.1755 $–
08 Mar 201722 Mar 2017Quarterly0.1755 $ +7.47%17 Jan 2017
07 Dec 201621 Dec 2016Other0.67 $ -66.5%13 Oct 2016
07 Sept 201621 Sept 2016Quarterly0.1633 $ +6.25%14 Jul 2016
08 Jun 201623 Jun 2016Quarterly0.1537 $19 Apr 2016
09 Mar 201623 Mar 2016Quarterly0.1537 $ +6.66%19 Jan 2016
09 Dec 201523 Dec 2015Quarterly0.1441 $20 Oct 2015
09 Sept 201523 Sept 2015Quarterly0.1441 $ +7.14%21 Jul 2015
10 Jun 201524 Jun 2015Quarterly0.1345 $16 Apr 2015
11 Mar 201525 Mar 2015Quarterly0.1345 $ +16.65%20 Jan 2015
10 Dec 201424 Dec 2014Quarterly0.1153 $16 Oct 2014
10 Sept 201424 Sept 2014Quarterly0.1153 $17 Jul 2014
11 Jun 201425 Jun 2014Quarterly0.1153 $ +118.37%09 May 2014
20 May 201429 May 2014Other2.00 $ +1036.36%09 May 2014
07 Mar 201427 Mar 2014Quarterly0.0528 $ -56%20 Feb 2014
06 Feb 201410 Mar 2014Quarterly0.12 $ +127.27%21 Jan 2014
11 Dec 201326 Dec 2013Quarterly0.0528 $ -56%03 Dec 2013
06 Nov 201310 Dec 2013Quarterly0.12 $ +127.27%10 Oct 2013
06 Sept 201326 Sept 2013Quarterly0.0528 $ -56%27 Aug 2013
07 Aug 201310 Sept 2013Quarterly0.12 $ +127.27%11 Jul 2013
07 Jun 201327 Jun 2013Quarterly0.0528 $ -52%23 May 2013
08 May 201310 Jun 2013Quarterly0.11 $ +108.33%11 Apr 2013
08 Mar 201328 Mar 2013Quarterly0.0528 $ -47.2%26 Feb 2013
06 Feb 201308 Mar 2013Quarterly0.10 $ +1049.43%10 Jan 2013
18 Dec 201231 Dec 2012Other0.1760 $ +237.81%11 Dec 2012
20 Nov 201213 Dec 2012Quarterly0.0087 $ -90.33%23 Oct 2012
07 Nov 201210 Dec 2012Quarterly0.09 $ +934.48%–
22 Aug 201213 Sept 2012Quarterly0.0087 $–
23 May 201214 Jun 2012Quarterly0.0087 $ +1.16%–
22 Feb 201215 Mar 2012Other0.0521 $ -20.82%–
22 Nov 201115 Dec 2011Quarterly0.0086 $–
24 Aug 201115 Sept 2011Quarterly0.0086 $–
25 May 201116 Jun 2011Quarterly0.0086 $–
23 Feb 201117 Mar 2011Quarterly0.0086 $–
23 Nov 201016 Dec 2010Quarterly0.0086 $–
25 Aug 201016 Sept 2010Quarterly0.0086 $–
26 May 201017 Jun 2010Quarterly0.0086 $ -80.09%–
17 Feb 201011 Mar 2010Quarterly0.0432 $ +402.33%–
08 Feb 201010 Mar 2010Quarterly0.0086 $ -90.05%–
24 Nov 200917 Dec 2009Quarterly0.0864 $ +904.65%–
06 Nov 200910 Dec 2009Quarterly0.0086 $ -90.05%–
26 Aug 200917 Sept 2009Quarterly0.0864 $ +904.65%–
06 Aug 200910 Sept 2009Quarterly0.0086 $ -90.05%–
20 May 200911 Jun 2009Quarterly0.0864 $ +904.65%–
06 May 200910 Jun 2009Quarterly0.0086 $ -90.05%–
04 Mar 200919 Mar 2009Quarterly0.0864 $ +149.71%–
06 Feb 200910 Mar 2009Quarterly0.0346 $ -82.21%–
19 Nov 200811 Dec 2008Quarterly0.1945 $ +462.14%–
06 Nov 200810 Dec 2008Quarterly0.0346 $ -82.21%–
20 Aug 200811 Sept 2008Quarterly0.1945 $ +462.14%–
06 Aug 200810 Sept 2008Quarterly0.0346 $ -82.21%–
21 May 200812 Jun 2008Quarterly0.1945 $ +143.13%–
07 May 200810 Jun 2008Quarterly0.08 $ -58.87%–
20 Feb 200813 Mar 2008Quarterly0.1945 $ +29.67%–
06 Feb 200810 Mar 2008Quarterly0.15 $ -22.88%–
20 Nov 200706 Dec 2007Quarterly0.1945 $ +38.93%–
07 Nov 200710 Dec 2007Quarterly0.14 $ -28.02%–
22 Aug 200713 Sept 2007Quarterly0.1945 $ +38.93%–
08 Aug 200710 Sept 2007Quarterly0.14 $ -28.02%–
23 May 200714 Jun 2007Quarterly0.1945 $ +38.93%–
08 May 200708 Jun 2007Quarterly0.14 $ -20.63%–
21 Feb 200715 Mar 2007Quarterly0.1764 $ +32.33%–
07 Feb 200709 Mar 2007Quarterly0.1333 $ -24.43%–
20 Nov 200607 Dec 2006Quarterly0.1764 $ +42.49%–
08 Nov 200608 Dec 2006Quarterly0.1238 $ -29.82%–
23 Aug 200614 Sept 2006Quarterly0.1764 $ +42.49%–
08 Aug 200608 Sept 2006Quarterly0.1238 $ -29.82%–
24 May 200615 Jun 2006Quarterly0.1764 $ +42.49%–
15 May 200609 Jun 2006Quarterly0.1238 $ -20.89%–
22 Feb 200616 Mar 2006Quarterly0.1565 $ +43.84%–
08 Feb 200610 Mar 2006Quarterly0.1088 $ -30.48%–
21 Nov 200508 Dec 2005Quarterly0.1565 $ +56.81%–
08 Nov 200509 Dec 2005Quarterly0.0998 $ -36.23%–
24 Aug 200515 Sept 2005Quarterly0.1565 $ +56.81%–
08 Aug 200509 Sept 2005Quarterly0.0998 $ -29.67%–
25 May 200516 Jun 2005Quarterly0.1419 $ +49.37%–
06 May 200510 Jun 2005Quarterly0.0950 $ -29.89%–
23 Feb 200517 Mar 2005Quarterly0.1355 $ +56.83%–
08 Feb 200510 Mar 2005Quarterly0.0864 $ -33.02%–
22 Nov 200409 Dec 2004Quarterly0.1290 $ +65.81%–
08 Nov 200410 Dec 2004Quarterly0.0778 $ -39.69%–
25 Aug 200416 Sept 2004Quarterly0.1290 $ +65.81%–
06 Aug 200410 Sept 2004Quarterly0.0778 $ -39.69%–
26 May 200417 Jun 2004Quarterly0.1290 $ +65.81%–
06 May 200410 Jun 2004Quarterly0.0778 $ -33.5%–
25 Feb 200412 Mar 2004Quarterly0.1170 $ +58.11%–
06 Feb 200410 Mar 2004Quarterly0.0740 $ -36.75%–
24 Nov 200311 Dec 2003Quarterly0.1170 $ +77.81%–
06 Nov 200310 Dec 2003Quarterly0.0658 $ -43.76%–
27 Aug 200312 Sept 2003Quarterly0.1170 $ +77.81%–
07 Aug 200310 Sept 2003Quarterly0.0658 $ -43.76%–
28 May 200313 Jun 2003Quarterly0.1170 $ +77.81%–
08 May 200310 Jun 2003Quarterly0.0658 $ -40.83%–
26 Feb 200314 Mar 2003Quarterly0.1112 $ +10.32%–
06 Feb 200310 Mar 2003Other0.0658 $–
25 Nov 200212 Dec 2002Quarterly0.1008 $–
28 Aug 200213 Sept 2002Quarterly0.1008 $–
30 May 200214 Jun 2002Quarterly0.1008 $ +5.55%–
27 Feb 200215 Mar 2002Quarterly0.0955 $ +10.28%–
29 Nov 200113 Dec 2001Quarterly0.0866 $–
29 Aug 200114 Sept 2001Quarterly0.0866 $–
30 May 200115 Jun 2001Quarterly0.0866 $ +5.87%–
27 Feb 200115 Mar 2001Quarterly0.0818 $ +10.24%–
29 Nov 200012 Dec 2000Quarterly0.0742 $–
30 Aug 200015 Sept 2000Quarterly0.0742 $–
30 May 200015 Jun 2000Quarterly0.0742 $–
28 Feb 200015 Mar 2000Quarterly0.0742 $–

Dividend School

CAGR
Dividend Yield