Mercantile Bank Corp

Small-Cap Stocks Bank & Financial Stocks Best Dividend Stocks

$57.17

+0.08 (+0.14%)

As of Jun 30, 1:15 PM ET ·

Dividend Overview

2.77%

Dividend Yield

+1.47% vs S&P 500 avg

$1.44

Annual Dividend

Per Payment$0.36

Frequencyquarterly

Payout Ratio27.0%

Ex-DividendApr 20, 2026

Pay DateMay 4, 2026

Stock Price$57.17

Dividend Income Calculator

If you invest $10,000 in MBWM at $57.17/share

Monthly

$20.84

Quarterly

$62.52

Annually

$250.09

174 shares Based on current price of $57.17 per share

To earn $100/month in dividends

You would need 835 shares

$47,736.95

investment needed

Dividend Safety

Safe 27.0% payout ratio

Safe Moderate High

A payout ratio under 60% suggests the dividend is well-covered by earnings with room to grow.

Dividend Comparison — Banking

Stock	Yield	Annual Div	Payout Ratio	Price
HDB HDFC Bank Limited	1.38%	$12.95	20.9%	$25.83
IBN ICICI Bank Limited	0.86%	$9.96	13.8%	$29.03
JPM JPMorgan Chase & Co	1.79%	$6.05	29.1%	$327.33
BAC Bank of America Corp	1.92%	$1.29	31.3%	$56.98
RY Royal Bank Of Canada	2.43%	$6.25	43.2%	$206.97
TD Toronto-Dominion Bank	2.53%	$4.46	37.3%	$121.43
WFC Wells Fargo & Co	2.27%	$2.03	30.4%	$82.64
C Citigroup Inc	1.66%	$2.96	37.6%	$139.96
BMO Bank Of Montreal	2.76%	$7.00	57.8%	$176.70
BNS Bank Of Nova Scotia	3.72%	$4.74	75.4%	$86.84