Mercantile Bank Corp

Small-Cap Stocks Bank & Financial Stocks Best Dividend Stocks Highest Dividend Yield

$51.05

+0.55 (+1.09%)

As of Apr 1, 8:45 PM ET ·

Dividend Overview

3.13%

Dividend Yield

+1.83% 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$51.05

Dividend Income Calculator

If you invest $10,000 in MBWM at $51.05/share

Monthly

$23.36

Quarterly

$70.07

Annually

$280.27

195 shares Based on current price of $51.05 per share

To earn $100/month in dividends

You would need 835 shares

$42,626.75

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	1.41%	$12.95	20.9%	$25.02
IBN ICICI Bank Limited	0.87%	$9.96	13.8%	$25.82
JPM JPMorgan Chase & Co	1.95%	$5.21	25.3%	$295.38
BAC Bank of America Corp	2.12%	$1.23	35.2%	$49.27
RY Royal Bank Of Canada	2.80%	$6.25	43.2%	$163.42
WFC Wells Fargo & Co	2.04%	$1.81	31.6%	$80.57
TD Toronto-Dominion Bank	3.31%	$4.46	37.3%	$94.70
C Citigroup Inc	2.14%	$2.96	37.6%	$115.30
BMO Bank Of Montreal	3.64%	$7.00	57.8%	$137.04
CM Can Imperial Bk Of Commerce	3.27%	$4.27	47.4%	$96.23