Mercantile Bank Corporation
Reinvesting dividends added $374.38 extra to your Mercantile Bank Corporation investment over this period.
| Ex-Date | Dividend | Reinvest Price | Shares Added |
|---|---|---|---|
| 2025-03-07 | $0.37 | $45.57 | +0.008119 |
| 2025-06-06 | $0.37 | $44.48 | +0.008386 |
| 2025-09-05 | $0.38 | $48.68 | +0.007935 |
| 2025-12-05 | $0.38 | $46.56 | +0.008361 |
Mercantile Bank Corporation (MBWM) is a dividend-paying stock. Over the past year, the company paid 4 dividends totaling $1.5000 per share. When these dividends are reinvested through a DRIP (Dividend Reinvestment Plan), they purchase additional shares, which then generate their own dividends—creating a compounding effect that can significantly boost long-term returns.
Our total return calculator simulates dividend reinvestment (DRIP) by assuming each dividend payment is used to purchase additional shares at the closing price on the ex-dividend date. This methodology provides an accurate representation of how a dividend reinvestment plan would perform. The calculation accounts for the compounding effect where reinvested dividends generate their own future dividends.
Mercantile Bank Corporation (MBWM) delivered a total return of 17.88% over the past year when dividends are reinvested. The price-only return was 14.14%, meaning dividends contributed an additional 3.74 percentage points to total returns.
A $10,000 investment in Mercantile Bank Corporation one year ago would be worth $11,788 today with dividends reinvested (DRIP). Without reinvesting dividends, the same investment would be worth $11,414. Dividend reinvestment added $374 to the portfolio value.
Yes, Mercantile Bank Corporation (MBWM) pays dividends. Over the past year, MBWM paid 4 dividends totaling $1.5000 per share. Reinvesting these dividends through a DRIP can significantly boost long-term returns.
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