Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock (MBINM)
Merchants Bancorp Depositary Shares (MBINM) represent a fractional interest in the company's Series D Non-Cumulative Perpetual Preferred Stock, which offers an 8.25% fixed-rate dividend. These depositary shares are traded as securities that provide investors with a way to gain preferred equity exposure, featuring fixed dividends and perpetual tenure, but without voting rights.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| October 1, 2025 | $0.52 | 2025-09-15 | 2025-09-15 |
| July 1, 2025 | $0.52 | 2025-06-13 | 2025-06-13 |
| April 1, 2025 | $0.52 | 2025-03-14 | 2025-03-14 |
| January 2, 2025 | $0.52 | 2024-12-13 | 2024-12-13 |
| October 1, 2024 | $0.52 | 2024-09-13 | 2024-09-13 |
Dividends Summary
- Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred Stock has issued 12 dividend payments over the past 2 years
- The most recent dividend was paid 23 days ago, on October 1, 2025
- The highest dividend payed out to investors during this period was $0.54 per share
- The average dividend paid during this period was $0.52 per share.
Company News
Merchants Bancorp announced quarterly cash dividends for Q3 2025, including dividends for common stock and multiple series of preferred stock, payable on October 1, 2025 to shareholders of record on September 15, 2025.
Law firm Johnson Fistel is investigating potential securities law violations by Merchants Bancorp, encouraging shareholders who suffered investment losses to participate in their investigation.