Merchants Bancorp (NASDAQ:MBINN – Get Free Report) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.375 per share on Thursday, January 2nd. This represents a $1.50 annualized dividend and a dividend yield of 6.63%. The ex-dividend date is Friday, December 13th.
Merchants Bancorp Price Performance
MBINN traded up $0.41 on Friday, hitting $22.62. 6,665 shares of the company’s stock were exchanged, compared to its average volume of 7,614. The stock has a fifty day moving average of $23.15 and a two-hundred day moving average of $21.77. Merchants Bancorp has a twelve month low of $18.26 and a twelve month high of $24.34.
About Merchants Bancorp
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