Merchants Bancorp Declares Quarterly Common and Preferred Dividends
CARMEL, Ind., Aug. 20, 2020 /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 third quarter of 2020, in each case to shareholders of record on September 15, 2020, payable on October 1, 2020:
- A dividend of
$0.08 per share on the Company's outstanding shares of its common stock (NASDAQ: MBIN);
- A dividend of
$0.43 75 per share on the Company's outstanding shares of its7% Series A preferred stock (NASDAQ: MBINP);
- A dividend of
$15.00 per share (equivalent to$0.37 5 per depositary share) on the Company's outstanding shares of its6% Series B preferred stock (NASDAQ: MBINO).
ABOUT MERCHANTS BANCORP
Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking. Merchants Bancorp, with
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SOURCE Merchants Bancorp