CARMEL, Ind., Feb. 18, 2021 /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 2021, in each case to
shareholders of record on March 15,
2021, payable on April 1,
2021:
- A dividend of $0.09 per share on
the Company's outstanding shares of its common stock (NASDAQ:
MBIN), an increase of 13% compared to the fourth quarter of
2020;
- 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).
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 $9.6
billion in assets and $7.4
billion in deposits as of December
31, 2020, 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.
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SOURCE Merchants Bancorp