Merchants Bancorp (MBIN) to Distribute Quarterly Dividend of $0.11 on October 1st

Merchants Bancorp (NASDAQ:MBIN) announced a quarterly dividend on Thursday, August 20th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.11 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 15th.

Merchants Bancorp has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Merchants Bancorp has a payout ratio of 8.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Merchants Bancorp to earn $6.00 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 7.3%.

Merchants Bancorp Price Performance

MBIN stock opened at $53.15 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 2.32. Merchants Bancorp has a one year low of $30.37 and a one year high of $56.87. The firm has a market capitalization of $2.44 billion, a PE ratio of 10.67 and a beta of 1.14. The firm has a 50-day moving average of $52.00 and a two-hundred day moving average of $48.13.

Merchants Bancorp (NASDAQ:MBIN) last announced its earnings results on Tuesday, July 28th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.22 by $0.26. Merchants Bancorp had a net margin of 19.80% and a return on equity of 15.29%. The company had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $179.00 million. On average, analysts forecast that Merchants Bancorp will post 5.58 earnings per share for the current year.

About Merchants Bancorp

Merchants Bancorp is a diversified financial holding company headquartered in Carmel, Indiana. Founded in 2007, the company operates primarily through Merchants Bank of Indiana and provides specialized banking and finance services to commercial and institutional customers across the United States.

The company’s principal activities include multifamily mortgage banking, healthcare real estate finance and mortgage warehouse lending. Its multifamily business provides financing for apartment properties, including government-supported and conventional transactions.