Merchants Bancorp (NASDAQ:MBINM) Announces Quarterly Dividend of $0.52

Merchants Bancorp (NASDAQ:MBINM) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.5156 per share on Tuesday, April 1st. This represents a $2.06 annualized dividend and a yield of 8.10%. The ex-dividend date of this dividend is Friday, March 14th.

Merchants Bancorp Stock Down 2.4 %

MBINM opened at $25.45 on Friday. Merchants Bancorp has a twelve month low of $24.73 and a twelve month high of $26.92. The firm’s 50-day simple moving average is $25.99 and its 200-day simple moving average is $26.01.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.