CARMEL, Ind., Nov. 17, 2021 /PRNewswire/ -- Merchants
Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered
bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced
that its Board of Directors approved a 3-for-2 common stock
split. Shareholders of record at the close of business on
January 3, 2022 will receive one
additional share of Merchants Bancorp common stock for every two
shares owned. These additional shares will be distributed
beginning January 17, 2022.
Cash will be distributed in lieu of fractional shares based on the
closing price of Merchants' common stock on Nasdaq on January 3, 2022.
On November 17, 2021, the Board of
Directors also declared the following quarterly cash dividends for
the fourth quarter of 2021, in each case to shareholders of record
on December 15, 2021, payable on
January 3, 2022:
- A dividend of $0.09 per share on
the Company's outstanding shares of its common stock
(NASDAQ:MBIN);
- A dividend of $0.4375 per share
on the Company's outstanding shares of its 7% Series A preferred
stock (NASDAQ:MBINP);
- A dividend of $15.00 per share
(equivalent to $0.375 per depositary
share) on the Company's outstanding shares of its 6% Series B
preferred stock (NASDAQ:MBINO);
- A dividend of $15.00 per share
(equivalent to $0.375 per depositary
share) on the Company's outstanding shares of its 6% Series C
preferred stock (NASDAQ:MBINN);
ABOUT MERCHANTS BANCORP
Merchants Bancorp is a diversified bank holding company
headquartered in Carmel, Indiana
operating multiple lines of business, including multi-family
housing and healthcare facility financing and servicing, mortgage
warehouse financing, retail and correspondent residential mortgage
banking, agricultural lending and traditional community
banking. Merchants Bancorp, with $11.0
billion in assets and $8.9
billion in deposits as of September
30, 2021, conducts its business through its direct and
indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp.,
Farmers-Merchants Bank of Illinois, and Merchants Mortgage, a division
of Merchants Bank of Indiana. For
more information and financial data, please visit Merchants'
Investor Relations page at investors.merchantsbancorp.com.
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SOURCE Merchants Bancorp