Merchants Bancorp (MBINN) to Issue Quarterly Dividend of $0.38 on July 1st

Merchants Bancorp (NASDAQ:MBINN) declared a quarterly dividend on Friday, May 16th, Wall Street Journal reports. Investors of record on Friday, June 13th will be given a dividend of 0.375 per share on Tuesday, July 1st. This represents a $1.50 annualized dividend and a dividend yield of 7.55%. The ex-dividend date of this dividend is Friday, June 13th.

Merchants Bancorp Stock Performance

MBINN stock opened at $19.87 on Friday. Merchants Bancorp has a one year low of $18.31 and a one year high of $24.34. The firm’s fifty day moving average is $20.08 and its 200 day moving average is $21.27.

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.