Merchants Bancorp increases its quarterly ordinary dividend by 17%; declares quarterly ordinary and preferred dividends | News
CARMEL, Ind., February 17, 2022 /PRNewswire/ — Merchants Bancorp (“Merchants”) (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana (“Merchants Bank”), today announced that its Board of Directors has declared the following quarterly cash dividends for the first quarter of 2022, in each case to shareholders of record on March 15, 2022payable on April 1, 2022:
- A dividend of $0.07 per share on the Company’s outstanding common stock (NASDAQ: MBIN), an increase of 17% over $0.06 (after adjusting for the 3:2 split) in the fourth quarter of 2021;
- A dividend of $0.4375 per share on the Company’s outstanding shares of its 7% Series A Preferred Stock (NASDAQ: MBINP);
- A dividend of $15.00 per share (equivalent to $0.375 per Depository Share) on the Company’s outstanding shares of its 6% Series B Preferred Shares (NASDAQ: MBINO);
- A dividend of $15.00 per share (equivalent to $0.375 per Depository Share) on the Company’s outstanding shares of its 6% Series C Preferred Shares (NASDAQ: MBINN).
ABOUT BANCORP MERCHANTS
Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including multi-family housing and healthcare financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and community banking traditional. Bancorp Merchants, with $11.3 billion in assets and $9.0 billion in deposits at December 31, 2021operates through its direct and indirect subsidiaries, Merchants Bank of IndianaMerchants Capital Corp., Farmers-Merchants Bank of Illinoisand Merchants Mortgage, a division of Merchants Bank of Indiana. For more information and financial data, please visit the Merchant Investor Relations page at investors.merchantsbancorp.com.
Show original content to download multimedia:https://www.prnewswire.com/news-releases/merchants-bancorp-increases-quarterly-common-dividend-by-17-declares-quarterly-common-and-preferred-dividends-301485187.html
SOURCE Merchants Bancorp