MBINO Overview

Redemption of Preferred Stock: Merchants Bancorp will redeem all outstanding shares of its 6.00% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock on January 2, 2025, at a price of $25.00 per share, with dividends ceasing to accrue after the redemption date.

Dividend Declaration: The Board of Directors declared an initial quarterly cash dividend of $7.84 per share on the newly issued 7.625% Series E preferred stock, payable on January 2, 2025, to shareholders of record by December 13, 2024.

Dividend Announcement: Merchants Bancorp has declared a quarterly dividend of $0.59 per share, with a forward yield of 9.3%, payable on January 2 to shareholders of record as of December 13.

Investment Recommendation: It is recommended to hold the Merchants Bancorp 6% DP SH PFD B stock for a few more months while considering a shift to floating preferred shares.

Quarterly Cash Dividends Announced: Merchants Bancorp declared quarterly cash dividends for Q4 2024, including $0.09 per share for common stock and varying amounts for preferred stocks, payable on January 2, 2025.

Company Overview: Merchants Bancorp is a diversified bank holding company based in Carmel, Indiana, with $18.7 billion in assets and multiple banking segments, recognized as a top performer by S&P Global Market Intelligence.

Quarterly Cash Dividends Announced: Merchants Bancorp declared quarterly cash dividends for Q3 2024, including $0.09 per share for common stock and various amounts for preferred stocks, payable on October 1, 2024.

Company Overview: Merchants Bancorp is a diversified bank holding company based in Carmel, Indiana, with $18.2 billion in assets and multiple banking segments, recognized as a top-performing U.S. public bank by S&P Global Market Intelligence.