Merchants Bancorp (NASDAQ:MBINM) Announces $0.52 Quarterly Dividend

Merchants Bancorp (NASDAQ:MBINM) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.5156 per share on Tuesday, April 1st. This represents a $2.06 annualized dividend and a yield of 8.10%. The ex-dividend date of this dividend is Friday, March 14th.

Merchants Bancorp Stock Down 2.4 %

Shares of NASDAQ:MBINM opened at $25.45 on Friday. The firm’s 50 day moving average price is $25.99 and its 200 day moving average price is $26.01. Merchants Bancorp has a fifty-two week low of $24.73 and a fifty-two week high of $26.92.

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.