The $0.5156 payout on MBINM preferred shares matches prior quarters and offers an 8.05% forward yield.
Merchants Bancorp’s 8.25% Depositary Shares representing 1/40th of a perpetual preferred share (MBINM) declared a $0.5156 per-share quarterly dividend. The payout is unchanged from previous quarters.
The dividend is payable July 1 to shareholders of record June 15, with an ex-dividend date of June 15. The forward yield stands at 8.05%, consistent with the security’s stated rate.
No immediate market reaction was reported following the announcement.