Welcome to our dedicated page for Merchants Bancorp Ind news (Ticker: MBINO), a resource for investors and traders seeking the latest updates and insights on Merchants Bancorp Ind stock.
The MBINO news page focuses on developments related to Merchants Bancorp’s 6% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock, which trades as depositary shares under the symbol MBINO. These preferred shares are issued by Merchants Bancorp, a diversified bank holding company in the finance and insurance sector.
News items for MBINO often stem from Merchants Bancorp’s corporate actions involving its capital structure. For example, the company has announced the redemption of all outstanding shares of its Series B preferred stock at a stated liquidation preference per share, funded with cash on hand. In connection with that redemption, Merchants Bancorp disclosed its intention to voluntarily delist the Series B preferred stock from Nasdaq and to file a Form 25 with the Securities and Exchange Commission to remove the listing.
Other news tied to MBINO may include dividend declarations on the Series B preferred stock, where the company specifies per-share dividend amounts and record and payment dates. Such announcements provide insight into the income characteristics of the preferred shares and how Merchants Bancorp manages distributions to holders of this class of equity.
Because MBINO represents a specific series of preferred stock rather than common equity, news flow tends to emphasize redemption terms, dividend policies, and listing status, rather than day-to-day operating developments. Readers following MBINO-related news can use this page to review historical and current announcements from Merchants Bancorp that directly affect the Series B preferred stock depositary shares, including details on dividend payments and the transition associated with redemption and delisting.
Merchants Bancorp (MBIN) announced two key developments: First, it will redeem all outstanding shares of its Series B Preferred Stock on January 2, 2025, at $25.00 per share, using cash on hand. A final dividend of $0.59 per share will be paid separately on the same date. The Series B Preferred Stock will be delisted from Nasdaq. Second, the company declared an initial quarterly dividend of $7.84 per share on its 7.625% Series E preferred stock, payable January 2, 2025, to shareholders of record on December 13, 2024.
Merchants Bancorp (Nasdaq: MBIN) has announced its quarterly cash dividends for Q1 2021. The Board declared a dividend of $0.09 per share on common stock, reflecting a 13% increase from Q4 2020. Additionally, a dividend of $0.4375 per share on 7% Series A preferred stock (Nasdaq: MBINP) and $15.00 per share on 6% Series B preferred stock (Nasdaq: MBINO) were declared. Shareholders of record on March 15, 2021, will receive these payments on April 1, 2021.