Merchants Bancorp (NASDAQ:MBINN – Get Free Report)’s share price fell 0.9% during trading on Friday . The stock traded as low as $19.75 and last traded at $19.81. 3,830 shares were traded during trading, a decline of 57% from the average session volume of 8,992 shares. The stock had previously closed at $19.99.
Merchants Bancorp Trading Down 0.9%
The firm’s 50-day simple moving average is $19.78 and its 200 day simple moving average is $20.80.
Merchants Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend is Friday, June 13th.
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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