Merchants Bancorp (NASDAQ:MBINO) to Issue Quarterly Dividend of $0.38

Merchants Bancorp (NASDAQ:MBINO) declared a quarterly dividend on Thursday, August 15th, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.375 per share on Tuesday, October 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Friday, September 13th.

Merchants Bancorp Price Performance

Merchants Bancorp stock opened at $25.20 on Wednesday. Merchants Bancorp has a twelve month low of $19.17 and a twelve month high of $25.20. The firm has a 50 day moving average price of $24.92 and a 200-day moving average price of $24.72.

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.