Merchants Bancorp (MBIN) has released an update.
The Company’s Board of Directors has declared quarterly cash dividends across its stock classes, effective April 1, 2024, for shareholders on record as of March 15, 2024. Common stockholders will receive $0.09 per share, while preferred stockholders will benefit from dividends ranging from $0.4375 to $20.625 per share, depending on the series of their stock. This move signals the Company’s commitment to providing consistent returns to its investors.
For further insights into MBIN stock, check out TipRanks’ Stock Analysis page.
