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

Merchants Bancorp (NASDAQ:MBINMGet Free Report) declared a quarterly dividend on Thursday, May 16th, NASDAQ reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.5156 per share on Monday, July 1st. This represents a $2.06 annualized dividend and a dividend yield of 7.93%. The ex-dividend date of this dividend is Friday, June 14th.

Merchants Bancorp Trading Up 0.4 %

Shares of MBINM opened at $26.00 on Friday. The stock has a 50 day moving average of $25.63 and a 200-day moving average of $25.20. Merchants Bancorp has a 52 week low of $21.60 and a 52 week high of $26.50.

Merchants Bancorp Company Profile

(Get Free Report)

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.

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Dividend History for Merchants Bancorp (NASDAQ:MBINM)

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