Merchants Bancorp (MBINN) To Go Ex-Dividend on March 14th

Merchants Bancorp (NASDAQ:MBINN) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.375 per share on Tuesday, April 1st. This represents a $1.50 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend is Friday, March 14th.

Merchants Bancorp Price Performance

NASDAQ:MBINN opened at $21.75 on Friday. Merchants Bancorp has a twelve month low of $18.95 and a twelve month high of $24.34. The company’s 50 day moving average is $21.46 and its two-hundred day moving average is $22.14.

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.