Merchants Bancorp ( NASDAQ:MBINM – Get Rating ) announced a quarterly dividend on Thursday, May 18th, Wall Street Journal reports. Investors of record on Thursday, June 15th will be given a dividend of 0.5156 per share on Monday, July 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date is Wednesday, June 14th. Merchants Bancorp Stock Up 1.0 % Shares of MBINM traded up $0.25 during trading hours on Monday, reaching $24.25. 3,073 shares of the company traded hands, compared to its average volume of 13,890.

https://www.dailypolitical.com/2023/06/12/merchants-bancorp-mbinm-to-issue-quarterly-dividend-of-0-52-on-july-3rd.html

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