Merchants Bancorp (MBINN) to Issue Quarterly Dividend of $0.38 on January 2nd

Merchants Bancorp (NASDAQ:MBINN) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.375 per share on Thursday, January 2nd. This represents a $1.50 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Friday, December 13th.

Merchants Bancorp Price Performance

Shares of MBINN opened at $22.60 on Wednesday. Merchants Bancorp has a 1 year low of $18.71 and a 1 year high of $24.34. The firm has a fifty day moving average of $23.05 and a 200-day moving average of $22.01.

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.