Mercantile Bank Corporation (MBWM) Ex-Dividend Date Scheduled for May 08, 2013


Mercantile Bank Corporation ( MBWM ) 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 ( WFC ) and J P Morgan Chase & Co ( JPM ). 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 MBWM Dividend History page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: News Headlines , Stocks

Referenced Stocks: JPM , MBWM , WFC

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