Merchants Bancorp (MBINM) to Issue Quarterly Dividend of $0.52 on January 2nd

Merchants Bancorp (NASDAQ:MBINM) announced a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.5156 per share on Thursday, January 2nd. This represents a $2.06 annualized dividend and a dividend yield of 7.72%. The ex-dividend date of this dividend is Friday, December 13th.

Merchants Bancorp Price Performance

Shares of MBINM stock opened at $26.72 on Wednesday. Merchants Bancorp has a 12-month low of $24.15 and a 12-month high of $26.92. The firm has a 50-day moving average price of $26.10 and a 200 day moving average price of $25.86.

About Merchants Bancorp

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.