The $0.4765 payout matches prior quarters, yielding 7.65% with a July 1 payment date for record holders.
Merchants Bancorp’s 7.625% Preferred Series E (MBINL) announced a $0.4765 per share quarterly dividend, unchanged from previous distributions. The payout maintains a forward yield of 7.65% based on current pricing.
The dividend is payable July 1 to shareholders of record as of June 15, with an ex-dividend date set for June 15. The consistency aligns with the company’s prior dividend history, reflecting stable income for preferred shareholders.
No immediate market reaction was disclosed in the announcement.