CARMEL,
Ind., Aug. 18, 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 declared the following quarterly cash
dividends for the third quarter of 2022, in each case to
shareholders of record on September 15,
2022, payable on October 3,
2022:
- A dividend of $0.07 per share on
the Company's outstanding shares of its common stock
(NASDAQ:MBIN);
- 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 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).
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
$11.1 billion in assets and
$8.3 billion in deposits as of
June 30, 2022, conducts its business
through its direct and indirect subsidiaries, Merchants Bank of
Indiana, Merchants Capital Corp.,
Farmers-Merchants Bank of Illinois, 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/merchants-bancorp-declares-quarterly-common-and-preferred-dividends-301608858.html
SOURCE Merchants Bancorp