Merchants Bancorp (NASDAQ:MBINN – Get Free Report) declared a quarterly dividend on Thursday, May 21st. Investors 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 yield of 7.4%. The ex-dividend date of this dividend is Monday, June 15th.
Merchants Bancorp Trading Up 0.1%
Shares of MBINN stock opened at $20.27 on Friday. The stock has a 50 day moving average of $20.43 and a 200 day moving average of $19.91. Merchants Bancorp has a twelve month low of $18.27 and a twelve month 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.
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