Merchants Bancorp (MBINN) To Go Ex-Dividend on June 15th

Merchants Bancorp (NASDAQ:MBINN) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.375 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th.

Merchants Bancorp Stock Performance

Shares of Merchants Bancorp stock opened at $20.41 on Friday. The company’s fifty day simple moving average is $20.25 and its 200-day simple moving average is $19.83. Merchants Bancorp has a 1 year low of $18.27 and a 1 year high of $21.60.

Merchants Bancorp Company Profile

Merchants Bancorp (NASDAQ: MBINN) is a bank holding company headquartered in Buffalo, New York. Through its subsidiary, Merchants Bank, the company provides a comprehensive suite of commercial and consumer banking products across Western New York. Its branch network serves individuals, small businesses and institutional clients with personalized banking solutions.

The company’s core offerings include deposit products such as checking, savings and certificates of deposit, alongside a portfolio of lending products that encompasses commercial and industrial loans, commercial real estate financing, residential mortgages and consumer credit lines.