Merchants Bancorp (NASDAQ:MBINM – Get Free Report) announced 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 is Tuesday, September 15th.
Merchants Bancorp Price Performance
MBINM opened at $25.55 on Friday. Merchants Bancorp has a twelve month low of $24.00 and a twelve month high of $25.96. The company has a 50-day simple moving average of $25.42 and a 200 day simple moving average of $25.41.
Merchants Bancorp Company Profile
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.
Featured Stories
- Five stocks we like better than Merchants Bancorp
- MarketBeat Week in Review – 08/17 – 08/21
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
