Merchants Bancorp (NASDAQ:MBINN – Get Free Report) shares were up 1% during trading on Wednesday . The stock traded as high as $19.51 and last traded at $19.51. Approximately 18,417 shares were traded during trading, an increase of 114% from the average daily volume of 8,604 shares. The stock had previously closed at $19.31.
Merchants Bancorp Stock Performance
The company’s 50 day moving average price is $21.09 and its 200 day moving average price is $19.77.
Merchants Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.69%. The ex-dividend date was Thursday, March 14th.
About Merchants Bancorp
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities.
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