Merchants Bancorp (NASDAQ:MBINM) to Issue $0.52 Quarterly Dividend

Merchants Bancorp (NASDAQ:MBINMGet Free Report) declared a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.5156 per share on Tuesday, January 2nd. This represents a $2.06 annualized dividend and a yield of 8.41%. The ex-dividend date of this dividend is Thursday, December 14th.

Merchants Bancorp Stock Down 1.4 %

NASDAQ:MBINM traded down $0.35 during trading hours on Friday, hitting $24.51. 2,562 shares of the stock were exchanged, compared to its average volume of 10,507. The company’s 50 day moving average is $23.62 and its two-hundred day moving average is $23.82. Merchants Bancorp has a twelve month low of $20.55 and a twelve month high of $28.06.

Merchants Bancorp Company Profile

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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.

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