The board declared a dividend of $0.11 per share for common stock holders. Preferred stock dividends include $15.00 per share for the 6% Series C, $20.625 for the 8.25% Series D, and $19.06 per share for the 7.625% Series E. These figures equate to $0.375, $0.5156, and $0.4765 per depositary share respectively. Investors on record as of September 15 will receive these payments on October 1. Merchants Bancorp, which manages $21.2 billion in assets, operates through a diversified model spanning multi-family mortgage banking, mortgage warehousing, and traditional community banking services.
Merchants Bancorp Announces Third Quarter Dividend Payouts
Shareholders of Carmel-based Merchants Bancorp are set to receive quarterly cash dividends this October following a board authorization on August 20. The company confirmed payouts for its common stock alongside three distinct series of preferred shares, maintaining a consistent return schedule for investors heading into the final quarter of 2026.
Comments (0)
No comments yet. Be the first!