{"id":384437,"date":"2020-11-18T16:08:29","date_gmt":"2020-11-18T21:08:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=384437"},"modified":"2020-11-18T16:08:29","modified_gmt":"2020-11-18T21:08:29","slug":"merchants-bancorp-declares-quarterly-common-and-preferred-dividends-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/merchants-bancorp-declares-quarterly-common-and-preferred-dividends-3\/","title":{"rendered":"Merchants Bancorp Declares Quarterly Common and Preferred Dividends"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p \/>\n<p \/>\n<p \/>\n<p>\n        <span class=\"xn-location\">CARMEL, Ind.<\/span>, <span class=\"xn-chron\">Nov. 18, 2020<\/span><i>\u00a0<\/i> \/PRNewswire\/ &#8212; Merchants Bancorp (&#8220;Merchants&#8221;) (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of <span class=\"xn-location\">Indiana<\/span> (&#8220;Merchants Bank&#8221;), today announced that its Board of Directors declared the following quarterly cash dividends for the fourth quarter of 2020, in each case to shareholders of record on <span class=\"xn-chron\">December 15, 2020<\/span>, payable on <span class=\"xn-chron\">January 4, 2021<\/span>:<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/561457\/Merchants_Bancorp_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/561457\/Merchants_Bancorp_Logo.jpg\" title=\"(PRNewsfoto\/Merchants Bancorp)\" alt=\"(PRNewsfoto\/Merchants Bancorp)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<ul type=\"disc\">\n<li>A dividend of <span class=\"xn-money\">$0.08<\/span> per share on the Company&#8217;s outstanding shares of its common stock (NASDAQ:MBIN); <\/li>\n<li>A dividend of <span class=\"xn-money\">$0.4375<\/span> per share on the Company&#8217;s outstanding shares of its 7% Series A preferred stock (NASDAQ:MBINP); <\/li>\n<li>A dividend of <span class=\"xn-money\">$15.00<\/span> per share (equivalent to <span class=\"xn-money\">$0.375<\/span> per depositary share) on the Company&#8217;s outstanding shares of its 6% Series B preferred stock (NASDAQ:MBINO).<\/li>\n<\/ul>\n<p>\n        <b>ABOUT MERCHANTS BANCORP<br \/><\/b>Merchants Bancorp is a diversified bank holding company headquartered in <span class=\"xn-location\">Carmel, Indiana<\/span> 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.\u00a0 Merchants Bancorp, with <span class=\"xn-money\">$9.5 billion<\/span> in assets and <span class=\"xn-money\">$7.1 billion<\/span> in deposits as of <span class=\"xn-chron\">September 30, 2020<\/span>, conducts its business through its direct and indirect subsidiaries, Merchants Bank of <span class=\"xn-location\">Indiana<\/span>, Merchants Capital Corp., Farmers-Merchants Bank of <span class=\"xn-location\">Illinois<\/span>, and Merchants Mortgage, a division of Merchants Bank of <span class=\"xn-location\">Indiana<\/span>. For more information and financial data, please visit Merchants&#8217; Investor Relations page at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2986831-1&amp;h=1772972356&amp;u=https%3A%2F%2Finvestors.merchantsbancorp.com%2Fcorporate-profile%2Fcorporate-profile%2Fdefault.aspx&amp;a=investors.merchantsbancorp.com\" rel=\"nofollow noopener noreferrer\">investors.merchantsbancorp.com<\/a>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DE96908&amp;sd=2020-11-18\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/merchants-bancorp-declares-quarterly-common-and-preferred-dividends-301176420.html\">http:\/\/www.prnewswire.com\/news-releases\/merchants-bancorp-declares-quarterly-common-and-preferred-dividends-301176420.html<\/a><\/p>\n<p>SOURCE  Merchants Bancorp<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DE96908&amp;Transmission_Id=202011181605PR_NEWS_USPR_____DE96908&amp;DateId=20201118\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CARMEL, Ind., Nov. 18, 2020\u00a0 \/PRNewswire\/ &#8212; Merchants Bancorp (&#8220;Merchants&#8221;) (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana (&#8220;Merchants Bank&#8221;), today announced that its Board of Directors declared the following quarterly cash dividends for the fourth quarter of 2020, in each case to shareholders of record on December 15, 2020, payable on January 4, 2021: A dividend of $0.08 per share on the Company&#8217;s outstanding shares of its common stock (NASDAQ:MBIN); A dividend of $0.4375 per share on the Company&#8217;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&#8217;s outstanding shares of its 6% Series B &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/merchants-bancorp-declares-quarterly-common-and-preferred-dividends-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Merchants Bancorp Declares Quarterly Common and Preferred Dividends&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-384437","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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