Mercantile Bank Corporation (NASDAQ:MBWM) Updates On Quarterly Dividend


As per Mercantile Bank Corporation (NASDAQ:MBWM) statement on 2016-07-19, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.17 per share as dividend to stakeholders. The record date is set as 2016-09-09, the payout date as 2016-09-21 and the ex-dividend date is 2016-09-07.

Last fiscal Mercantile Bank Corporation (NASDAQ:MBWM) disbursed cash dividend of $0.17. A year ago, the payout was $0.17, which indicates a difference of -76.6129%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.17, implying 125.2608% growth.

For the period ended on 2015-12-31, Mercantile Bank Corporation (NASDAQ:MBWM)’s earnings came at $0.46 per share compared to EPS of $0.45 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-18. For this quarter, the analysts have earnings estimate of $0.44 per share.

The interim price target for Mercantile Bank Corporation (NASDAQ:MBWM) is set at $26.5. This level is the mean price reached by averaging the stock views of 2 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Mercantile Bank Corporation (NASDAQ:MBWM) is seen at $27 and the lowest level is established at $26. This broad range highlights a standard deviation of $0.707 in reported estimates.

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