Merchants Bancorp (MBINN) to Issue Quarterly Dividend of $0.38 on January 2nd

Merchants Bancorp (NASDAQ:MBINN) announced a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.375 per share on Thursday, January 2nd. This represents a $1.50 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Friday, December 13th.

Merchants Bancorp Price Performance

MBINN opened at $22.62 on Friday. Merchants Bancorp has a 1 year low of $18.26 and a 1 year high of $24.34. The stock has a fifty day moving average price of $23.17 and a 200 day moving average price of $21.78.

About Merchants Bancorp

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.