Mercantile Bank Raises Quarterly Dividend by 2.6%

The financial services provider will pay a $0.39 per share dividend on March 18th.

Published on Mar. 4, 2026

Got story updates? Submit your updates here. ›

Mercantile Bank Corporation (NASDAQ:MBWM) announced a 2.6% increase to its quarterly dividend, raising it from $0.38 to $0.39 per share. The dividend will be payable on March 18th to shareholders of record as of March 6th.

Why it matters

The dividend increase demonstrates Mercantile Bank's financial strength and commitment to returning value to shareholders. As a regional bank serving West and Central Michigan, the dividend hike is a positive sign for the company's performance and outlook.

The details

Mercantile Bank has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 14 years. The new $0.39 per share dividend represents a 3.0% yield based on the company's current stock price.

  • The dividend will be payable on Wednesday, March 18, 2026.
  • The ex-dividend date is Friday, March 6, 2026.
  • Shareholders of record as of Friday, March 6, 2026 will receive the dividend.

The players

Mercantile Bank Corporation

A financial services provider and bank holding company headquartered in Grand Rapids, Michigan, offering a range of commercial and consumer banking products.

Got photos? Submit your photos here. ›

What’s next

Mercantile Bank's stock will trade ex-dividend on March 6, 2026, meaning new investors purchasing the stock on or after that date will not receive the upcoming dividend payment.

The takeaway

Mercantile Bank's dividend increase demonstrates the company's financial health and commitment to rewarding shareholders, which could make the stock attractive to income-oriented investors in the regional banking sector.