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

Merchants Bancorp (NASDAQ:MBINM) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.5156 per share on Thursday, January 2nd. This represents a $2.06 annualized dividend and a yield of 7.86%. The ex-dividend date of this dividend is Friday, December 13th.

Merchants Bancorp Stock Up 0.8 %

Shares of MBINM traded up $0.21 during mid-day trading on Friday, hitting $26.25. The company’s stock had a trading volume of 6,256 shares, compared to its average volume of 7,834. Merchants Bancorp has a one year low of $24.15 and a one year high of $26.80. The stock’s 50-day moving average is $26.07 and its two-hundred day moving average is $25.82.

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.