Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 2.63%.
YIELD ON COST (YOC)
2.63%
MBWM now pays $1.56 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-10-06) | $27.40 | 5.69% |
| 5 years ago(2021-10-04) | $32.96 | 4.73% |
| 3 years ago(2023-10-05) | $30.87 | 5.05% |
| 1 year ago(2025-10-09) | $45.02 | 3.47% |
| Buying today |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| $59.27 |
| 2.63% |
Projection: starting from today's 2.63% yield, assuming the dividend keeps compounding at 6.2% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
2.63%
In 3 years
3.15%
In 5 years
3.55%
In 10 years
4.79%
Try your own purchase price, dividend and growth rate for Mercantile Bank Corporation (MBWM).
Starting Yield
2.63%
Ending YOC
6.33%
Year 15 Dividend
$3.75
Cum. Dividends Recd.
$38.56
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $1.56 | N/A | 2.63% | $0.00 |
| Year 1 | $1.65 | +6.02% | 2.79% | $1.65 |
| Year 2 | $1.75 | +6.02% | 2.96% | $3.41 |
| Year 3 | $1.86 | +6.02% | 3.14% | $5.27 |
| Year 4 | $1.97 | +6.02% | 3.33% | $7.24 |
| Year 5 | $2.09 | +6.02% | 3.53% | $9.33 |
| Year 6 | $2.22 | +6.02% | 3.74% | $11.54 |
| Year 7 | $2.35 | +6.02% | 3.96% | $13.89 |
| Year 8 | $2.49 | +6.02% | 4.20% | $16.38 |
| Year 9 | $2.64 | +6.02% | 4.45% | $19.02 |
| Year 10 | $2.80 | +6.02% | 4.72% | $21.82 |
| Year 11 | $2.97 | +6.02% | 5.01% | $24.79 |
| Year 12 | $3.15 | +6.02% | 5.31% | $27.93 |
| Year 13 | $3.34 | +6.02% | 5.63% | $31.27 |
| Year 14 | $3.54 | +6.02% | 5.97% | $34.81 |
| Year 15 | $3.75 | +6.02% | 6.33% | $38.56 |
