Mercantile Bank Corporation (NASDAQ:MBWM) announces a quarterly dividend of $0.19



Mercantile Bank Corporation (NASDAQ:MBWM) to go ex-dividend.
On 10/18/2017 Mercantile Bank Corporation ( NASDAQ:MBWM ) announced that it will be issuing a quarterly dividend in the amount of $0.19 down from $0.19 making the yield 2.03%.


Mercantile Bank Corporation (NASDAQ:MBWM) Ex- dividend date

Mercantile Bank Corporation (NASDAQ:MBWM) is set to go ex-dividend on 12/7/2017 and will be payable on 12/20/2017


Dividend History for Mercantile Bank Corporation (NASDAQ:MBWM)
The next payable dividend for Mercantile Bank Corporation is scheduled for 12/20/2017. There is an annual dividend of $$0.76 with a yield of 2.03% The payout ration for the trailing 12 months of earnings is 40.43% , 40.21% based on this years estimates and 35.19% based on next years projected estimates.

Recent Dividend History for Mercantile Bank Corporation (NASDAQ:MBWM)

  • On 1/15/2013 Mercantile Bank Corporation announced a quarterly dividend of $0.10.
  • On 4/16/2013 Mercantile Bank Corporation announced a quarterly dividend of $0.11.
  • On 7/16/2013 Mercantile Bank Corporation announced a quarterly dividend of $0.12.
  • On 7/16/2013 Mercantile Bank Corporation announced a quarterly dividend of $0.12.
  • On 10/15/2013 Mercantile Bank Corporation announced a quarterly dividend of $0.12.
  • On 10/16/2013 Mercantile Bank Corporation announced a quarterly dividend of $0.12.
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Recent Insider Trading for Mercantile Bank Corporation (NASDAQ:MBWM)

  • On 7/21/2017 Edward J Clark, Director, bought 385 with an average share price of $31.59 per share and the total transaction amounting to $12,162.15.
  • On 6/14/2017 Thomas R Sullivan, Director, sold 7,113 with an average share price of $33.75 per share and the total transaction amounting to $240,063.75.
  • On 6/13/2017 Thomas R Sullivan, Director, sold 2,797 with an average share price of $33.24 per share and the total transaction amounting to $92,972.28.
  • On 6/12/2017 Thomas R Sullivan, Director, sold 3,801 with an average share price of $34.23 per share and the total transaction amounting to $130,108.23.
  • On 4/25/2017 Michael H Price, Chairman, sold 9,535 with an average share price of $35.04 per share and the total transaction amounting to $334,106.40.
  • On 3/2/2017 Thomas R Sullivan, Director, sold 7,000 with an average share price of $33.38 per share and the total transaction amounting to $233,660.00.



Recent Analyst Rating for Mercantile Bank Corporation (NASDAQ:MBWM)

  • On 10/3/2017 Keefe, Bruyette & Woods, Reiterated Rating, to Hold with a price target of $34.00
  • On 9/28/2017 DA Davidson, Downgrade, fromBuy to Neutral to Buy with a price target of $35.00
  • On 1/18/2017 Raymond James Financial, Inc., Downgrade, fromOutperform to Market Perform to Outperform
  • On 11/21/2016 Hovde Group, Initiated Coverage, to Market Perform with a price target of $32.00



Recent Trading for Mercantile Bank Corporation (NASDAQ:MBWM)
Shares of Mercantile Bank Corporation closed the previous trading session at with shares trading hands.

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