DividendMay 21, 2026, 04:13 PM
Merchants Bancorp Declares Quarterly Dividends for Common & Preferred Stock
AI Summary
Merchants Bancorp announced quarterly cash dividends for its common and various preferred stocks, payable on July 1, 2026, to shareholders of record on June 15, 2026. The company also held its Annual Meeting of Shareholders, where all twelve director nominees were elected, the advisory vote on executive compensation passed, and the appointment of Forvis Mazars, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified.
Key Highlights
- Merchants Bancorp declared a quarterly cash dividend of $0.11 per share on its common stock.
- A dividend of $15.00 per share ($0.375 per depositary share) was declared for 6% Series C preferred stock.
- A dividend of $20.625 per share ($0.5156 per depositary share) was declared for 8.25% Series D preferred stock.
- A dividend of $19.06 per share ($0.4765 per depositary share) was declared for 7.625% Series E preferred stock.
- All dividends are payable on July 1, 2026, to shareholders of record on June 15, 2026.
- Shareholders elected twelve directors to the Board of Directors.
- The non-binding advisory vote on executive compensation was approved.
- The appointment of Forvis Mazars, LLP as the independent auditor for 2026 was ratified.
Price Impact
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