Merchants Bancorp (NASDAQ:MBINM) Trading 0% Higher

Merchants Bancorp (NASDAQ:MBINMGet Free Report) shares traded up 0% during trading on Friday . The stock traded as high as $25.95 and last traded at $25.82. 1,057 shares changed hands during trading, a decline of 90% from the average session volume of 10,161 shares. The stock had previously closed at $25.81.

Merchants Bancorp Price Performance

The business has a 50-day simple moving average of $25.81 and a 200 day simple moving average of $25.34.

Merchants Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.5156 per share. This represents a $2.06 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date is Friday, June 14th.

About Merchants Bancorp

(Get Free Report)

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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