Merchants Bancorp (NASDAQ:MBINN – Get Free Report) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 15th will be given a dividend of 0.375 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, June 15th.
Merchants Bancorp Stock Down 0.8%
NASDAQ MBINN opened at $20.57 on Friday. Merchants Bancorp has a 12 month low of $18.27 and a 12 month high of $21.60. The company has a 50-day moving average of $20.25 and a 200-day moving average of $19.82.
About Merchants Bancorp
Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.
The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.
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