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

Merchants Bancorp (NASDAQ:MBINN) declared 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 6.88%. The ex-dividend date of this dividend is Friday, March 14th.

Merchants Bancorp Price Performance

Shares of NASDAQ MBINN traded up $0.13 during trading hours on Friday, reaching $21.81. 1,188 shares of the stock were exchanged, compared to its average volume of 10,650. Merchants Bancorp has a 52 week low of $18.95 and a 52 week high of $24.34. The stock’s fifty day simple moving average is $21.46 and its 200 day simple moving average is $22.12.

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.