Merchants Bancorp (NASDAQ:MBINN) Plans Quarterly Dividend of $0.38

Merchants Bancorp (NASDAQ:MBINN) announced a quarterly dividend on Wednesday, November 19th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.375 per share on Friday, January 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, December 15th.

Merchants Bancorp Stock Down 1.3%

Shares of NASDAQ MBINN traded down $0.26 during trading on Thursday, hitting $19.28. 2,438 shares of the company were exchanged, compared to its average volume of 9,450. The company has a fifty day moving average price of $20.55 and a 200-day moving average price of $20.20. Merchants Bancorp has a 12-month low of $18.31 and a 12-month high of $22.99.

Merchants Bancorp (NASDAQ:MBINN) last released its quarterly earnings data on Monday, January 31st. The company reported $1.14 earnings per share (EPS) for the quarter. The firm had revenue of $112.82 million for the quarter.

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.