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
MBINMMerchants 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 |
|---|---|---|---|
| January 2, 2026 | $0.52 | 2025-12-15 | 2025-12-15 |
| 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 |
Dividends Summary
- Consistent Payer: 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 rewarded shareholders with 13 dividend payments over the past 3 years.
- Total Returned Value: Investors who held MBINM shares during this period received a total of $6.73 per share in dividend income.
- Latest Payout: The most recent dividend of $0.52/share was paid 21 days ago, on January 2, 2026.
- Yield & Schedule: MBINM currently pays dividends quarterly with an annual yield of 8.07%.
- Dividend Growth: Since 2023, the dividend payout has decreased by 4.3%, from $0.54 to $0.52.
- Dividend Reliability: MBINM has maintained or increased its dividend for 12 consecutive payments.
Company News
Merchants Bancorp announced quarterly cash dividends for Q4 2025, including dividends for common stock and multiple series of preferred stock, payable on January 2, 2026 to shareholders of record on December 15, 2025.
Merchants Bancorp released its financial results for the third quarter of 2025, providing insights into the company's performance during the period.
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.
Merchants Bancorp, the parent company of Merchants Bank of Indiana, announced an 11% increase in its quarterly common dividend and declared quarterly dividends for its common and preferred stock.
