Merchants Bancorp (MBINM) to Issue Quarterly Dividend of $0.52 on January 2nd

by · The Cerbat Gem

Merchants Bancorp (NASDAQ:MBINM – Get Free Report) announced a quarterly dividend on Wednesday, November 19th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.5156 per share on Friday, January 2nd. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Monday, December 15th.

Merchants Bancorp Trading Down 0.4%

MBINM traded down $0.11 during trading hours on Friday, hitting $25.00. The stock had a trading volume of 16,239 shares, compared to its average volume of 14,110. The company’s fifty day simple moving average is $24.61 and its 200 day simple moving average is $24.93. Merchants Bancorp has a 1 year low of $24.00 and a 1 year high of $26.50.

Merchants Bancorp (NASDAQ:MBINM – Get Free Report) last released its quarterly earnings data on Monday, January 31st. The company reported $1.14 EPS for the quarter. The business had revenue of $112.82 million for the quarter.

About Merchants Bancorp

(Get Free Report)

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.

See Also