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.

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


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.

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