Shares of Merchants Bancorp (NASDAQ:MBINN – Get Free Report) traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $20.00 and last traded at $20.10. 3,821 shares were traded during trading, a decline of 53% from the average session volume of 8,084 shares. The stock had previously closed at $20.12.
Merchants Bancorp Stock Down 0.1 %
The business’s fifty day moving average is $20.56 and its 200 day moving average is $20.08.
Merchants Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 7.46%. The ex-dividend date of this dividend 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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