Mercantile Bank Corporation

The dividend has not been reduced for 6 consecutive years.The forecast annual dividend is $1.56 per share or unit, with a forecast yield of 2.61%.Dividend on equity (DOE) is 2.70%, -0.67 points year over year.

Dividend on equity (DOE) is the annual dividend as a percentage of shareholders’ equity. Because it is less affected by temporary earnings swings, it helps assess the continuity of a company’s shareholder return policy.