CARMEL,
Ind., Nov. 16, 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 fourth quarter of 2022, in each
case to shareholders of record on December
15, 2022, payable on January 3,
2023:
- 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);
- An initial dividend of $21.5417
per share (equivalent to $0.5385 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 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 $12.0 billion in assets and $10.3 billion in deposits as of September 30, 2022, conducts its business through
its direct and indirect subsidiaries, Merchants Bank of
Indiana, Merchants Capital Corp.,
Merchants Capital Investments, LLC, Farmers-Merchants Bank of
Illinois, Merchants Capital
Servicing, LLC, 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