Merchants Bancorp (NASDAQ:MBIN) to Issue Quarterly Dividend of $0.10

Merchants Bancorp (NASDAQ:MBIN) announced a quarterly dividend on Wednesday, November 19th. Stockholders of record on Monday, December 15th will be given a dividend of 0.10 per share on Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th.

Merchants Bancorp has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Merchants Bancorp has a payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Merchants Bancorp to earn $5.95 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.7%.

Merchants Bancorp Price Performance

MBIN stock opened at $31.12 on Thursday. Merchants Bancorp has a 12 month low of $27.25 and a 12 month high of $43.82. The company has a current ratio of 1.20, a quick ratio of 0.88 and a debt-to-equity ratio of 2.45. The company has a 50-day moving average price of $31.89 and a 200 day moving average price of $32.38. The stock has a market cap of $1.43 billion, a PE ratio of 7.15 and a beta of 1.33.

Merchants Bancorp (NASDAQ:MBIN) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.18. The company had revenue of $171.07 million for the quarter, compared to analyst estimates of $163.90 million. Merchants Bancorp had a net margin of 17.73% and a return on equity of 15.37%. Equities research analysts anticipate that Merchants Bancorp will post 5.54 earnings per share for the current year.

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.