CARMEL,
Ind., Feb. 16, 2023 /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 first quarter of 2023, in each case to
shareholders of record on March 15,
2023, payable on April 3,
2023:
- A dividend of $0.08 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);
- 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
$12.6 billion in assets and
$10.1 billion in deposits as of
December 31, 2022, 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,
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.
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SOURCE Merchants Bancorp