When will Mercantile Bank Corp (MBWM) announce its next dividend?
Next announcement expected the week of October 12, 2026
High quality
Our predicted date is Thursday, October 15. This is when we
expect Mercantile Bank Corp to declare its next dividend, not when the stock goes
ex-dividend — we publish this estimate as early as about three months before the board is
expected to meet.
Mercantile Bank Corp pays dividends quarterly. We hold 87 payments for it, going back to January 2003 — the full record is below, with what it has paid and when. We don't publish a predicted next ex-dividend date for MBWM. As soon as the company declares one it will appear at the top of this page; until then the record below is what we hold.
MBWM dividend at a glance
| Most recent payment | $0.40 per share, September 4, 2026 |
|---|---|
| Indicated annual dividend | $1.60 per share, at the current rate and cadence |
| Payment frequency | Quarterly |
| Change over the past year | Raised 5.3%, from $0.38 to $0.40 |
| 5-year growth rate | 5.9% a year, compounded ($0.30 → $0.40) |
| Consecutive years of increases | 14, in the record we hold |
| Typical time to payment | Paid about 14 days after the ex-date |
| History on file | 87 payments since January 2003 |
Mercantile Bank Corp's dividend schedule
Mercantile Bank Corp has paid quarterly across the 23 years of records we hold, with the most recent ex-date on September 4, 2026. Its ex-dates usually land in the first third of the month.
Payment follows the ex-date by about 14 days, based on the announcements we hold for MBWM.
The most recent increase was 2.6%, from $0.39 to $0.40, effective with the September 2026 ex-date.
MBWM dividend history
The last 16 payments on record, of 87 going back to January 2003.
| Ex-date | Amount |
|---|---|
| Sep 4, 2026 | $0.40 |
| Jun 5, 2026 | $0.39 |
| Mar 6, 2026 | $0.39 |
| Dec 5, 2025 | $0.38 |
| Sep 5, 2025 | $0.38 |
| Jun 6, 2025 | $0.37 |
| Mar 7, 2025 | $0.37 |
| Dec 6, 2024 | $0.36 |
| Sep 6, 2024 | $0.36 |
| Jun 7, 2024 | $0.35 |
| Feb 29, 2024 | $0.35 |
| Nov 30, 2023 | $0.34 |
| Aug 31, 2023 | $0.34 |
| Jun 1, 2023 | $0.33 |
| Mar 2, 2023 | $0.33 |
| Dec 1, 2022 | $0.32 |
Amounts are per share as reported on each ex-date, and are not restated for later share splits — a split shows up here as a step down in the per-share amount. Shown for schedule context, not as a yield.
Special dividends
Payments well outside MBWM's regular rate. These are one-offs — they are excluded from the growth figures above, and they are not assumed to recur, so they do not feed the predicted dates.
| Ex-date | Amount |
|---|---|
| Dec 6, 2018 | $1.00 |
| Dec 7, 2016 | $0.67 |
| May 20, 2014 | $2.00 |
Frequently asked questions
- When will MBWM announce its next dividend?
- We expect Mercantile Bank Corp to declare its next dividend around October 15, 2026 (the week of October 12, 2026), a high-quality forecast. This is when the board is expected to declare the dividend, not when the stock goes ex-dividend.
- Do I need to own MBWM before the ex-dividend date?
- Yes. You must already hold the shares when trading opens on the ex-dividend date to receive the payment. Buying on the ex-date itself is too late — the seller keeps that dividend. See ex-date vs record date vs payment date for how the dates fit together.
- How often does MBWM pay a dividend?
- Mercantile Bank Corp has historically paid quarterly, across 87 payments since January 2003.
- How much does MBWM pay per share?
- The most recent payment was $0.40 per share, with an ex-date of September 4, 2026. At that rate and frequency the indicated annual dividend is $1.60 a share. This is the cash amount, not a yield — a yield depends on the share price you pay.