Merchants Bancorp (MBINM) To Go Ex-Dividend on June 15th

Merchants Bancorp (NASDAQ:MBINM) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 15th will be given a dividend of 0.5156 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, June 15th.

Merchants Bancorp Price Performance

NASDAQ MBINM opened at $25.72 on Friday. The company has a 50 day simple moving average of $25.24 and a 200-day simple moving average of $25.21. Merchants Bancorp has a 52-week low of $24.00 and a 52-week high of $25.96.

Merchants Bancorp Company Profile

Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.

On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.