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

Merchants Bancorp (NASDAQ:MBINM) declared a quarterly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.5156 per share on Thursday, January 2nd. This represents a $2.06 annualized dividend and a dividend yield of 7.86%. The ex-dividend date is Friday, December 13th.

Merchants Bancorp Price Performance

Shares of MBINM opened at $26.25 on Friday. Merchants Bancorp has a one year low of $24.15 and a one year high of $26.80. The business’s 50 day simple moving average is $26.08 and its 200-day simple moving average is $25.82.

About Merchants Bancorp

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.