Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
Dividend history for Mercantile Bank Corporation (MBWM)
Mercantile Bank Corporation made a total of 78 dividend payments.
The sum of all dividends (adjusted for stock splits) is : $16.76
Dividend payments for Mercantile Bank Corporation (MBWM) from 2003 to 2024
Annual dividend payments
| Date | Dividend | Adj Dividend |
|---|---|---|
| September 06, 24 | $0.36 | $0.36 |
| June 07, 24 | $0.35 | $0.35 |
| February 29, 24 | $0.35 | $0.35 |
| November 30, 23 | $0.34 | $0.34 |
| August 31, 23 | $0.34 | $0.34 |
| June 01, 23 | $0.33 | $0.33 |
| March 02, 23 | $0.33 | $0.33 |
| December 01, 22 | $0.32 | $0.32 |
| September 01, 22 | $0.32 | $0.32 |
| June 02, 22 | $0.31 | $0.31 |
| March 03, 22 | $0.31 | $0.31 |
| December 02, 21 | $0.30 | $0.30 |
| September 02, 21 | $0.30 | $0.30 |
| June 03, 21 | $0.29 | $0.29 |
| March 04, 21 | $0.29 | $0.29 |
| December 03, 20 | $0.28 | $0.28 |
| September 03, 20 | $0.28 | $0.28 |
| June 04, 20 | $0.28 | $0.28 |
| March 05, 20 | $0.28 | $0.28 |
| December 05, 19 | $0.27 | $0.27 |
| September 05, 19 | $0.27 | $0.27 |
| June 06, 19 | $0.26 | $0.26 |
| March 07, 19 | $0.26 | $0.26 |
| December 06, 18 | $1.00 | $1.00 |
| September 06, 18 | $0.24 | $0.24 |
| June 07, 18 | $0.22 | $0.22 |
| March 08, 18 | $0.22 | $0.22 |
| December 07, 17 | $0.19 | $0.19 |
| September 07, 17 | $0.19 | $0.19 |
| June 07, 17 | $0.18 | $0.18 |
| March 08, 17 | $0.18 | $0.18 |
| December 07, 16 | $0.67 | $0.67 |
| September 07, 16 | $0.17 | $0.17 |
| June 08, 16 | $0.16 | $0.16 |
| March 09, 16 | $0.16 | $0.16 |
| December 09, 15 | $0.15 | $0.15 |
| September 09, 15 | $0.15 | $0.15 |
| June 10, 15 | $0.14 | $0.14 |
| March 11, 15 | $0.14 | $0.14 |
| December 10, 14 | $0.12 | $0.12 |
| September 10, 14 | $0.12 | $0.12 |
| June 11, 14 | $0.12 | $0.12 |
| May 20, 14 | $2.00 | $2.00 |
| February 06, 14 | $0.12 | $0.12 |
| November 06, 13 | $0.12 | $0.12 |
| August 07, 13 | $0.12 | $0.12 |
| May 08, 13 | $0.11 | $0.11 |
| February 06, 13 | $0.10 | $0.10 |
| November 07, 12 | $0.09 | $0.09 |
| February 08, 10 | $0.01 | $0.01 |
| November 06, 09 | $0.01 | $0.01 |
| August 06, 09 | $0.01 | $0.01 |
| May 06, 09 | $0.01 | $0.01 |
| February 06, 09 | $0.04 | $0.04 |
| November 06, 08 | $0.04 | $0.04 |
| August 06, 08 | $0.04 | $0.04 |
| May 07, 08 | $0.08 | $0.08 |
| February 06, 08 | $0.15 | $0.15 |
| November 07, 07 | $0.14 | $0.14 |
| August 08, 07 | $0.14 | $0.14 |
| May 08, 07 | $0.13 | $0.14 |
| February 07, 07 | $0.14 | $0.13 |
| November 08, 06 | $0.13 | $0.12 |
| August 08, 06 | $0.13 | $0.12 |
| May 15, 06 | $0.13 | $0.12 |
| February 08, 06 | $0.12 | $0.11 |
| November 08, 05 | $0.11 | $0.10 |
| August 08, 05 | $0.10 | $0.10 |
| May 06, 05 | $0.11 | $0.10 |
| February 08, 05 | $0.10 | $0.09 |
| November 08, 04 | $0.09 | $0.08 |
| August 06, 04 | $0.09 | $0.08 |
| May 06, 04 | $0.09 | $0.08 |
| February 06, 04 | $0.09 | $0.08 |
| November 06, 03 | $0.08 | $0.07 |
| August 07, 03 | $0.08 | $0.07 |
| May 08, 03 | $0.08 | $0.07 |
| February 06, 03 | $0.08 | $0.07 |