Merchants Bancorp (NASDAQ:MBINM – Get Free Report)’s share price was up 0% during trading on Wednesday . The company traded as high as $25.85 and last traded at $25.61. Approximately 3,636 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 9,349 shares. The stock had previously closed at $25.60.
Merchants Bancorp Stock Performance
The stock’s 50 day moving average price is $25.62 and its two-hundred day moving average price is $25.51.
Merchants Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were issued a dividend of $0.5156 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.06 annualized dividend and a yield of 7.99%.
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.
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