Merchants Bancorp (NASDAQ:MBINN – Get Rating) announced a quarterly dividend on Monday, May 23rd, Wall Street Journal reports. Stockholders of record on Wednesday, June 15th will be given a dividend of 0.375 per share on Friday, July 1st. This represents a $1.50 annualized dividend and a dividend yield of 6.54%. The ex-dividend date is Tuesday, June 14th.
Shares of MBINN stock traded down $0.19 during trading hours on Monday, hitting $22.94. The company’s stock had a trading volume of 8,078 shares, compared to its average volume of 12,488. Merchants Bancorp has a 12-month low of $22.51 and a 12-month high of $29.37.
In other Merchants Bancorp news, CEO Michael R. Dury acquired 4,500 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were acquired at an average cost of $23.26 per share, with a total value of $104,670.00. Following the acquisition, the chief executive officer now directly owns 93,260 shares of the company’s stock, valued at $2,169,227.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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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