Merchants Bancorp (NASDAQ:MBINP – Get Rating)’s share price dropped 0.6% during mid-day trading on Tuesday . The stock traded as low as $23.26 and last traded at $23.26. Approximately 5,654 shares were traded during mid-day trading, an increase of 203% from the average daily volume of 1,866 shares. The stock had previously closed at $23.41.
Merchants Bancorp Price Performance
The firm’s fifty day moving average price is $25.28 and its 200-day moving average price is $24.75.
Merchants Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be issued a $0.4375 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.52%.
About Merchants Bancorp
Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.
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