Merchants Bancorp (NASDAQ:MBINM – Get Free Report) declared a quarterly dividend on Thursday, August 20th. Investors of record on Tuesday, September 15th will be given a dividend of 0.5156 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, September 15th.
Merchants Bancorp Stock Performance
Merchants Bancorp stock opened at $25.55 on Friday. The stock’s fifty day moving average is $25.43 and its two-hundred day moving average is $25.41. Merchants Bancorp has a 1-year low of $24.00 and a 1-year high of $25.96.
About Merchants Bancorp
Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.
On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.
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