Merchants Bancorp (NASDAQ:MBINM) Trading Down 0.1% – What’s Next?

Merchants Bancorp (NASDAQ:MBINM) shares dropped 0.1% during trading on Thursday . The stock traded as low as $24.78 and last traded at $24.90. Approximately 27,092 shares traded hands during trading, an increase of 105% from the average daily volume of 13,232 shares. The stock had previously closed at $24.92.

Merchants Bancorp Stock Performance

The business’s fifty day moving average price is $25.16 and its two-hundred day moving average price is $25.24.

Merchants Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.5156 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.3%.

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.