Merchants Bancorp Declares Quarterly Dividend of $0.38 (NASDAQ:MBINN)

Merchants Bancorp (NASDAQ:MBINN) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.375 per share on Tuesday, April 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Friday, March 14th.

Merchants Bancorp Stock Performance

NASDAQ MBINN opened at $21.75 on Friday. Merchants Bancorp has a 1 year low of $18.95 and a 1 year high of $24.34. The stock’s 50-day moving average price is $21.46 and its two-hundred day moving average price is $22.13.

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.