Dividend Information About Mercantile Bank: Everything You Need to Know Before Its Ex-Dividend Date on Sep 5, 2025

Mercantile Bank (MBWM) has announced a cash dividend of $0.38 per share, to be paid on Sep 17, 2025, to shareholders of record as of Sep 5, 2025. This latest payout, declared on Jul 17, 2025, is notably higher than the average of the last 10 dividend payments, which stood at $0.2153 per share. The upcoming dividend represents an increase from the previous payout of $0.37 per share on Jun 18, 2025, signaling a positive trajectory in the company’s dividend policy. Investors should note that Sep 5, 2025, is the last day to purchase shares in order to qualify for the upcoming dividend distribution.

Over the past week, Mercantile Bank has seen several notable developments that could influence its stock performance and investor sentiment. Most recently, a major institutional investor, Nuveen LLC, has acquired a new position, purchasing 73,881 shares valued at approximately $3.21 million, giving it a 0.46% stake in the company. This move suggests growing confidence in MBWM’s long-term potential. Additionally, the Zacks Consensus Estimate for the company’s earnings has risen by 7.8% over the past three months, with analysts now projecting $5.23 per share for the fiscal year ending Dec 2025. This upward revision reflects an improving business outlook and has contributed to a bullish market sentiment.

On the technical side, Mercantile Bank’s 15-minute chart has shown a golden cross in the KDJ indicator on Aug 28, 2025, at 15:00, accompanied by a bullish marubozu candle. These signals indicate a shift in momentum toward the upside, with buyers currently in control of the market. The stock has received a Zacks Rank upgrade to #1 (Strong Buy), placing it among the top 5% of Zacks-covered stocks in terms of favorable earnings revisions. This upgrade underscores the strength of the company’s fundamentals and the likelihood of outperforming the broader market in the near term.

Since the last update, Mercantile Bank’s stock has traded with mixed performance. On the most recent trading day, the stock opened at $49.88, with a closing price of $49.71 and an intraday range between $49.08 and $50.01. The stock ended the session with a -0.93% decline, trading at $49.25. The company is also expected to report earnings on Oct 21, 2025, which could provide further insight into its financial health and operational momentum.

Mercantile Bank’s recent developments, including the increased dividend, strong institutional investment, and positive earnings revisions, suggest a robust outlook for the company. The ex-dividend date of Sep 5, 2025, marks the final opportunity for investors to secure the $0.38 per share dividend, with any purchases made afterward not qualifying for this distribution. Investors should remain attentive to both fundamental and technical signals as the company moves toward its next key financial milestones.