Merchants Bancorp (NASDAQ:MBINN) Shares Down 0.2% – What’s Next?

Merchants Bancorp (NASDAQ:MBINN)’s share price dropped 0.2% on Tuesday . The company traded as low as $19.97 and last traded at $20.04. Approximately 4,639 shares changed hands during trading, a decline of 51% from the average daily volume of 9,459 shares. The stock had previously closed at $20.08.

Merchants Bancorp Trading Down 0.2%

The stock’s fifty day moving average price is $19.96 and its two-hundred day moving average price is $20.28.

Merchants Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, September 15th.

Merchants Bancorp Company Profile

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.