Merchants Bancorp Declares Quarterly Dividends

By Bobby Samwell • Friday, May 17 11:13 • Permanent Link

Merchants Bancorp (NASDAQ: MBIN) has declared its quarterly cash dividends for the second quarter of 2024. The dividends, payable on July 1, 2024, to shareholders of record on June 14, 2024, are as follows:

A dividend of $0.09 per share on the company’s outstanding shares of its common stock (NASDAQ: MBIN).
A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the 6% Series B preferred stock (NASDAQ: MBINO).
A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the 6% Series C preferred stock (NASDAQ: MBINN).
A dividend of $20.625 per share (equivalent to $0.5156 per depositary share) on the 8.25% Series D preferred stock (NASDAQ: MBINM).

Merchants Bancorp, a diversified bank holding company headquartered in Carmel, Indiana, reported total assets of $17.8 billion and deposits of $14.0 billion as of March 31, 2024. The company operates multiple segments, including multi-family mortgage banking, mortgage warehousing, and traditional community banking.

It's worth noting that the dividends for the preferred stocks have remained unchanged from the previous period, indicating stability in the company's dividend policy. Today the company's shares have moved -0.4% to a price of $42.65. For the full picture, make sure to review Merchants Bancorp's 8-K report.

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