Mercantile Bank Corporation (MBWM) Ex-Dividend Date Scheduled for November 06, 2013

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Mercantile Bank Corporation ( MBWM ) will begin trading ex-dividend on November 06, 2013. A cash dividend payment of $0.12 per share is scheduled to be paid on December 10, 2013. Shareholders who purchased MBWM stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 33.33% increase over the same period a year ago. At the current stock price of $22.01, the dividend yield is 2.18%.

The previous trading day's last sale of MBWM was $22.01, representing a -2.26% decrease from the 52 week high of $22.52 and a 64.13% 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 $1.71. Zacks Investment Research reports MBWM's forecasted earnings growth in 2013 as 36.15%, compared to an industry average of 7.5%.

For more information on the declaration, record and payment dates, visit the MBWM Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.

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

This article appears in: News Headlines , Stocks
Referenced Symbols: JPM , MBWM , WFC

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