Merchants Bancorp Plans Quarterly Dividend of $0.52 (NASDAQ:MBINM)

Merchants Bancorp (NASDAQ:MBINM) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.5156 per share on Tuesday, April 1st. This represents a $2.06 annualized dividend and a dividend yield of 8.10%. The ex-dividend date of this dividend is Friday, March 14th.

Merchants Bancorp Stock Performance

Shares of NASDAQ:MBINM traded down $0.63 during midday trading on Friday, hitting $25.45. 2,654 shares of the stock traded hands, compared to its average volume of 6,068. The business’s 50 day moving average is $26.00 and its two-hundred day moving average is $26.00. Merchants Bancorp has a one year low of $24.73 and a one year high of $26.92.

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.