Merchants Bancorp (NASDAQ:MBINM – Get Free Report)’s share price was up 0.1% on Monday . The stock traded as high as $25.32 and last traded at $25.21. Approximately 7,279 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 9,962 shares. The stock had previously closed at $25.19.
Merchants Bancorp Stock Up 0.1 %
The firm’s 50-day moving average price is $25.76 and its two-hundred day moving average price is $25.42.
Merchants Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were issued a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.18%. The ex-dividend date of this dividend was 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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