Merchants Bancorp (NASDAQ:MBINO) Declares Quarterly Dividend of $0.38

Merchants Bancorp (NASDAQ:MBINO) declared a quarterly dividend on Monday, August 19th, Wall Street Journal reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.375 per share on Tuesday, October 1st. This represents a $1.50 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend is Friday, September 13th.

Merchants Bancorp Stock Performance

Shares of Merchants Bancorp stock traded up $0.03 on Monday, hitting $25.03. The stock had a trading volume of 18,719 shares, compared to its average volume of 11,716. The stock has a 50 day moving average of $24.80 and a 200 day moving average of $24.64. Merchants Bancorp has a twelve month low of $19.17 and a twelve month high of $25.18.

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.