Mercantile Bank Corporation (
) will begin trading ex-dividend on May 08, 2013. A cash dividend
payment of $0.11 per share is scheduled to be paid on June 10,
2013. Shareholders who purchased MBWM stock prior to the
ex-dividend date are eligible for the cash dividend payment. This
represents an 10% increase over the prior quarter. At the current
stock price of $16.78, the dividend yield is 2.62%.
The previous trading day's last sale of MBWM was $16.78,
representing a -10.22% decrease from the 52 week high of $18.69 and
a 25.13% increase over the 52 week low of $13.41.
MBWM is a part of the Finance sector, which includes companies
such as Wells Fargo & Company (
) and J P Morgan Chase & Co (
). MBWM's current earnings per share, an indicator of a company's
profitability, is $1.51. Zacks Investment Research reports MBWM's
forecasted earnings growth in 2013 as 18.72%, compared to an
industry average of 3.9%.
For more information on the declaration, record and payment
dates, visit the