Merchants Bancorp (NASDAQ:MBINM – Get Free Report) shares fell 0.6% on Monday . The stock traded as low as $25.20 and last traded at $25.20. 1,508 shares were traded during trading, a decline of 75% from the average session volume of 6,092 shares. The stock had previously closed at $25.34.
Merchants Bancorp Stock Down 0.6 %
The stock has a 50 day simple moving average of $25.48 and a 200 day simple moving average of $25.85.
Merchants Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a yield of 8.19%. The ex-dividend date of this dividend was Friday, 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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