Merchants Bancorp Declares Quarterly Dividend of $0.44 (NASDAQ:MBINP)

Merchants Bancorp (NASDAQ:MBINP) announced a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.4375 per share on Tuesday, January 2nd. This represents a $1.75 annualized dividend and a dividend yield of 7.16%. The ex-dividend date is Thursday, December 14th.

Merchants Bancorp has raised its dividend by an average of 10.1% annually over the last three years.

Merchants Bancorp Price Performance

Shares of MBINP traded down $0.06 during mid-day trading on Friday, hitting $24.44. 3,517 shares of the company’s stock were exchanged, compared to its average volume of 3,564. Merchants Bancorp has a fifty-two week low of $16.89 and a fifty-two week high of $26.00. The business’s 50 day moving average is $23.55 and its two-hundred day moving average is $22.61.

Merchants Bancorp Company Profile

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. 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; offers customized loan products for need-based skilled nursing facilities, independent living, assisted living, and memory care; and tax credit equity syndicator.