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

Merchants Bancorp (NASDAQ:MBINN) declared a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.375 per share on Tuesday, January 2nd. This represents a $1.50 annualized dividend and a yield of 8.12%. The ex-dividend date is Thursday, December 14th.

Merchants Bancorp Stock Up 0.4 %

Shares of MBINN traded up $0.08 during midday trading on Friday, reaching $18.47. The company had a trading volume of 4,626 shares, compared to its average volume of 12,568. Merchants Bancorp has a 1-year low of $15.92 and a 1-year high of $24.64. The firm has a 50 day simple moving average of $17.58 and a 200-day simple moving average of $17.80.

About Merchants Bancorp

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.