Merchants Bancorp (NASDAQ:MBINN – Get Free Report) was up 1% on Wednesday . The stock traded as high as $21.50 and last traded at $21.48. Approximately 4,207 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 7,618 shares. The stock had previously closed at $21.27.
Merchants Bancorp Stock Up 1.0 %
The company’s fifty day simple moving average is $20.36 and its two-hundred day simple moving average is $20.64.
Merchants Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date of this dividend is Friday, June 14th.
Merchants Bancorp Company Profile
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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