Merchants Bancorp (NASDAQ:MBINM – Get Free Report) announced a quarterly dividend on Thursday, February 19th. Investors of record on Friday, March 13th will be given a dividend of 0.5156 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, March 13th.
Merchants Bancorp Stock Performance
NASDAQ:MBINM opened at $25.49 on Wednesday. The firm has a 50-day simple moving average of $25.49 and a 200-day simple moving average of $25.08. Merchants Bancorp has a one year low of $24.00 and a one year high of $26.00.
About Merchants Bancorp
Merchants Bancorp is a bank holding company whose principal subsidiary, Merchants Bank, provides a broad range of financial services to individuals, businesses and institutional clients. Headquartered in Harrisburg, Pennsylvania, the company focuses on delivering community-oriented banking solutions throughout central Pennsylvania. Its core offerings include deposit accounts, commercial and consumer lending, mortgage financing, and cash management services designed to meet the needs of both retail and corporate customers.
On the lending side, Merchants Bancorp extends credit through commercial real estate loans, construction financing, equipment loans, and lines of credit for small- and middle-market enterprises.
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