Merchants Bancorp (MBIN) Announces 13% Increase in Dividend [Yahoo! Finance]
Merchants Bancorp (MBIN)
Last merchants bancorp earnings: 1/30 04:05 pm
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US:NASDAQ Investor Relations:
prnewswire.com/news-releases/merchants-bancorp-reports-fourth-quarter-and-full-year-2017-results-300596104.html
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Source: Yahoo! Finance
This dividend will be paid out on Apr 1, 2024, to shareholders of record as of Mar 15, 2024. Prior to this, MBIN hiked its dividend by 14% to 8 cents per share on Mar 15, 2023. It has increased its dividend payout five times in the past five years. Also, the company has five-year annualized dividend growth of 13.87%. Currently, MBIN's payout ratio is 6% of earnings. Based on yesterday's closing price of $39.92, Merchants Bancorp currently has a dividend yield of 0.90%. The bank also has a share repurchase program in place. In November 2021, MBIN renewed and increased the stock repurchase program by $75 million. In 2022, it bought back 3.9 million worth of shares and did not engage in any share repurchase activity in 2023. The plan expired on Dec 31, 2023. In September 2023, MBIN announced that Farmers-Merchants National Bank, its subsidiary, has entered into an agreement with Bank of Pontiac. Per the agreement, Bank of Pontiac will acquire Farmers-Merchants' branches in Pa
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MBIN
News
- Investors in Merchants Bancorp (NASDAQ:MBIN) have seen strong returns of 184% over the past five years [Yahoo! Finance]Yahoo! Finance
- Merchants Bancorp Full Year 2023 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Merchants Bancorp (NASDAQ:MBIN) Could Be A Buy For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Merchants Bancorp Announces Redemption of Its Series A Preferred Stock [Yahoo! Finance]Yahoo! Finance
- Merchants Bancorp Announces Redemption of Its Series A Preferred StockPR Newswire
MBIN
Earnings
- 1/29/24 - Beat
MBIN
Sec Filings
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- MBIN's page on the SEC website