Company / Dividends Paid
MERCANTILE BANK CORP Dividends Paid History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Dividends Paid
$24.0M
FY2025
5-year range
$18.5M / $24.0M
FY2021-FY2025
Trend
+6.6%
vs FY2024
Sector context
#253 of 309
Financials
What the data says
MERCANTILE BANK CORP's dividends paid of $24M is lower than 82% of companies in the Financials sector (FY2025). Dividends Paid has increased for 6 consecutive years, from $17M in FY2019 to $24M in FY2025.
Based on SEC 10-K filings.
$24M in FY2025 with a 5-year CAGR of +6.0%.
Improved from $21M to $24M over the past 2 years.
Financials sector context is included.
Dividends Paid over time
Growth rates
- 3-Year CAGR
- +6.9%
- 5-Year CAGR
- +6.0%
- 10-Year CAGR
- -
Sector benchmark
Bottom 18% in FinancialsTop 82% of 309This company $24.0M Sector average $460.2M
▼
-94.8% below sector average
Key checks
Key Insights
- MERCANTILE BANK CORP's dividends paid has grown for 6 consecutive years.
- 5-year CAGR of +6.0%, indicating consistent growth.
- In FY2025, dividends paid increased 6.6% year-over-year.
- Ranks #253 out of 309 companies in the Financials sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Dividends PaidValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $24.0M | +6.6% |
| FY2024 | $22.5M | +7.0% |
| FY2023 | $21.0M | +7.2% |
| FY2022 | $19.6M | +5.8% |
| FY2021 | $18.5M | +3.3% |
| FY2020 | $17.9M | +4.8% |
| FY2019 | $17.1M | -37.8% |
| FY2018 | $27.5M | +128.3% |
| FY2017 | $12.0M | -35.7% |
| FY2016 | $18.7M | +96.8% |
As of FY2025 · SEC 10-K Annual Filings · Updated Feb 28, 2026