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

Merchants Bancorp (NASDAQ:MBINM) announced a quarterly dividend on Thursday, August 15th, Wall Street Journal reports. Investors of record on Friday, September 13th will be given a dividend of 0.5156 per share on Tuesday, October 1st. This represents a $2.06 annualized dividend and a yield of 7.80%. The ex-dividend date of this dividend is Friday, September 13th.

Merchants Bancorp Stock Down 0.2 %

NASDAQ:MBINM opened at $26.45 on Thursday. The company has a 50-day moving average price of $25.67 and a 200-day moving average price of $25.62. Merchants Bancorp has a 12 month low of $21.60 and a 12 month high of $26.61.

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.