Merchants Bancorp (NASDAQ:MBINM – Get Free Report) announced a quarterly dividend on Thursday, May 21st. Investors of record on Monday, June 15th will be paid a dividend of 0.5156 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Monday, June 15th.
Merchants Bancorp Stock Down 0.1%
Shares of MBINM stock opened at $25.65 on Friday. Merchants Bancorp has a 1-year low of $24.00 and a 1-year high of $25.96. The stock’s 50-day moving average is $25.45 and its 200 day moving average is $25.34.
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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