CARMEL, Ind., Feb. 17, 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 first quarter of 2022, in each case to
shareholders of record on March 15,
2022, payable on April 1,
2022:
- A dividend of $0.07 per share on
the Company's outstanding shares of its common stock (NASDAQ:
MBIN), an increase of 17% compared to $0.06 (after adjusting for the 3:2 split) in the
fourth quarter of 2021;
- 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).
ABOUT MERCHANTS BANCORP
Merchants Bancorp is a
diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of
business, including multifamily 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
$11.3 billion in assets and
$9.0 billion in deposits as of
December 31, 2021, 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