CARMEL,
Ind., May 16, 2024 /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 declared the following
quarterly cash dividends for the second quarter of 2024, in each
case to shareholders of record on June 14,
2024, payable on July 1,
2024:
- A dividend of $0.09 per share on
the Company's outstanding shares of its common stock
(NASDAQ:MBIN);
- A dividend of $15.00 per share
(equivalent to $0.375 per depositary
share) on the Company's outstanding shares of its 6% Series B
preferred stock (NASDAQ:MBINO);
- A dividend of $15.00 per share
(equivalent to $0.375 per depositary
share) on the Company's outstanding shares of its 6% Series C
preferred stock (NASDAQ:MBINN);
- A dividend of $20.625 per share
(equivalent to $0.5156 per depositary
share) on the Company's outstanding shares of its 8.25% Series D
preferred stock (NASDAQ:MBINM).
ABOUT MERCHANTS BANCORP
Ranked as a top performing
U.S. public bank by S&P Global Market Intelligence, Merchants
Bancorp is a diversified bank holding company headquartered in
Carmel, Indiana operating multiple
segments, including Multi-family Mortgage Banking that offers
multi-family housing and healthcare facility financing and
servicing; Mortgage Warehousing that offers mortgage warehouse
financing; and Banking that offers retail and correspondent
residential mortgage banking, agricultural lending, and traditional
community banking. Merchants Bancorp, with $17.8 billion in assets and $14.0 billion in deposits as of March 31, 2024, conducts its business primarily
through its direct and indirect subsidiaries, Merchants Bank of
Indiana, Merchants Capital Corp.,
Merchants Capital Investments, LLC, Merchants Capital Servicing,
LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a
division of Merchants Bank of Indiana. For more information and financial
data, please visit Merchants' Investor Relations page
at investors.merchantsbancorp.com.
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SOURCE Merchants Bancorp