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2023-02-22 21:32
Merchants Bancorp (NASDAQ:MBINN – Get Rating) declared a quarterly dividend on Tuesday, February 21st, Wall Street Journal reports. Stockholders of record on Wednesday, March 15th will be paid a dividend of 0.375 per share on Monday, April 3rd. This represents a $1.50 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend is Tuesday, March 14th.
MBINN stock opened at $22.05 on Wednesday. The company's 50-day simple moving average is $21.76 and its 200 day simple moving average is $22.05. Merchants Bancorp has a 52 week low of $19.15 and a 52 week high of $25.45.
Get Merchants Bancorp alerts:In other Merchants Bancorp news, Director Patrick D. O'brien purchased 3,700 shares of the firm's stock in a transaction that occurred on Friday, December 9th. The shares were acquired at an average cost of $21.00 per share, for a total transaction of $77,700.00. Following the completion of the purchase, the director now owns 43,700 shares of the company's stock, valued at approximately $917,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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