Merchants Bancorp Declares Quarterly Dividends

By Bobby Samwell • Friday, August 16 08:03 • Permanent Link

Merchants Bancorp, the parent company of Merchants Bank of Indiana, has announced its quarterly cash dividends for the third quarter of 2024. The dividends declared for this period 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 company’s outstanding shares of its 6% series B preferred stock (NASDAQ: MBINO).
A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the company’s outstanding shares of its 6% series C preferred stock (NASDAQ: MBINN).
A dividend of $20.625 per share (equivalent to $0.5156 per depositary share) on the company’s outstanding shares of its 8.25% series D preferred stock (NASDAQ: MBINM).

As of June 30, 2024, Merchants Bancorp reported $18.2 billion in assets and $14.9 billion in deposits. It operates through various segments including multi-family mortgage banking, mortgage warehousing, and traditional community banking.

The company is recognized as a top performing U.S. public bank by S&P Global Market Intelligence. Following these announcements, the company's shares moved 1.8%, and are now trading at a price of $41.52. If you want to know more, read the company's complete 8-K report here.

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