Cash Dividend On The Way From Mercantile Bank (MBWM)

Looking at the universe of stocks we cover at Dividend Channel, on 9/10/14, Mercantile Bank Corp. ( MBWM) will trade ex-dividend, for its quarterly dividend of $0.12, payable on 9/24/14. As a percentage of MBWM's recent stock price of $19.13, this dividend works out to approximately 0.63%, so look for shares of Mercantile Bank Corp. to trade 0.63% lower — all else being equal — when MBWM shares open for trading on 9/10/14.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for MBWM, showing historical dividends prior to the most recent $0.12 declared by Mercantile Bank Corp.:

MBWM+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MBWM is likely to continue, and whether the current estimated yield of 2.51% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MBWM shares, versus its 200 day moving average:

Mercantile Bank Corp. 200 Day Moving Average Chart

Looking at the chart above, MBWM's low point in its 52 week range is $18.26 per share, with $24.34 as the 52 week high point — that compares with a last trade of $19.13.

In Monday trading, Mercantile Bank Corp. shares are currently up about 0.6% on the day.

If you liked this article you might like

Insider Trading Alert - BHI, MBWM And NVR Traded By Insiders

Cash Dividend On The Way From Mercantile Bank (MBWM)

Mercantile Bank (MBWM) Upgraded From Hold to Buy

Mercantile Bank Corp. (MBWM) Downgraded From Buy to Hold

This Regional Bank Shines With Profits, Growth: JPM