Merchants Bancorp (MBINM) to Issue Quarterly Dividend of $0.52 on April 1st

Merchants Bancorp (NASDAQ:MBINM) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.5156 per share on Tuesday, April 1st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date is Friday, March 14th.

Merchants Bancorp Price Performance

Shares of NASDAQ:MBINM opened at $25.80 on Wednesday. Merchants Bancorp has a 12 month low of $24.73 and a 12 month high of $26.92. The stock’s 50 day moving average price is $25.99 and its 200 day moving average price is $26.04.

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.