Merchants Bancorp Plans Quarterly Dividend of $0.52 (NASDAQ:MBINM)

Merchants Bancorp (NASDAQ:MBINM) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.5156 per share on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, June 15th.

Merchants Bancorp Price Performance

Shares of MBINM opened at $25.60 on Friday. The company’s fifty day moving average is $25.23 and its two-hundred day moving average is $25.21. Merchants Bancorp has a 1 year low of $24.00 and a 1 year high of $25.96.

Hedge Funds Weigh In On Merchants Bancorp

A hedge fund recently bought a new stake in Merchants Bancorp stock. Archer Investment Corp purchased a new position in shares of Merchants Bancorp (NASDAQ:MBINM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,000 shares of the company’s stock, valued at approximately $102,000.

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.