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Merchants Bancorp issues updates for MBINO through capital-action and dividend announcements tied to its Series B fixed-to-floating rate non-cumulative perpetual preferred stock and related depositary shares. The company is a registered bank holding company and the parent of Merchants Bank of Indiana, and its announcements also include common and preferred dividend declarations and bank holding company financial results.
Recurring topics include preferred equity redemption notices, dividend record and payment mechanics, Nasdaq listing or delisting notices for preferred securities, and regulatory approvals associated with preferred-stock capital actions.
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.