Merchants Bancorp Announces Quarterly Dividend of $0.38 (NASDAQ:MBINN)

Merchants Bancorp (NASDAQ:MBINN) announced a quarterly dividend on Thursday, February 19th. Investors of record on Friday, March 13th will be given a dividend of 0.375 per share on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, March 13th.

Merchants Bancorp Price Performance

Shares of MBINN stock traded up $0.10 during trading hours on Friday, hitting $20.15. 2,870 shares of the company’s stock traded hands, compared to its average volume of 14,120. Merchants Bancorp has a 12 month low of $18.27 and a 12 month high of $22.30. The stock’s 50 day simple moving average is $19.47 and its 200 day simple moving average is $19.97.

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.