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

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 given 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 MBINM stock traded down $0.63 during mid-day trading on Friday, hitting $25.45. The company’s stock had a trading volume of 2,654 shares, compared to its average volume of 6,068. The company’s fifty day simple moving average is $26.00 and its 200-day simple moving average is $26.00. Merchants Bancorp has a 52 week low of $24.73 and a 52 week high of $26.92.

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.