Merchants Bancorp's most recent quarterly dividend payment of $0.07 per share was made to shareholders on record before Dec 14, 2022. The payout stands at $0.28 per share annually, which works out to a dividend yield of 0.91%.
Merchants Bancorp's dividend yield of 0.91% is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 2.61%, Merchants Bancorp's dividend yield is 65% lower. Historically MBIN's dividend yield has averaged at 1.3% in the last 5 years, which is more than the current one.
Merchants Bancorp has been paying dividends for the last five years. According to our data MBIN has issued four quarterly dividends in the last twelve months. The annualized DPS has decreased by 22% for the last year. And since the stock price has gone down by 1.3% from a year ago, the dividend yield has decreased by 21%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Dec 14, 2022 | Jan 3, 2023 | Nov 16, 2022 | $0.07 | normal |
| Sep 14, 2022 | Oct 3, 2022 | Aug 18, 2022 | $0.07 | normal |
| Jun 14, 2022 | Jul 1, 2022 | May 19, 2022 | $0.07 | normal |
| Mar 14, 2022 | Apr 1, 2022 | Feb 17, 2022 | $0.07 | normal |
| Dec 14, 2021 | Jan 3, 2022 | Nov 17, 2021 | $0.09 | normal |
| Sep 14, 2021 | Oct 1, 2021 | Aug 19, 2021 | $0.09 | normal |
| Jun 14, 2021 | Jul 1, 2021 | May 20, 2021 | $0.09 | normal |
| Mar 12, 2021 | Apr 1, 2021 | Feb 18, 2021 | $0.09 | normal |
| Dec 14, 2020 | Jan 4, 2021 | Nov 18, 2020 | $0.08 | normal |
| Sep 14, 2020 | Oct 1, 2020 | Aug 20, 2020 | $0.08 | normal |
| Jun 12, 2020 | Jul 1, 2020 | May 21, 2020 | $0.08 | normal |
| Mar 12, 2020 | Apr 1, 2020 | Feb 20, 2020 | $0.08 | normal |
| Dec 12, 2019 | Jan 2, 2020 | Nov 20, 2019 | $0.07 | normal |
| Sep 12, 2019 | Sep 30, 2019 | Aug 15, 2019 | $0.07 | normal |
| Jun 13, 2019 | Jul 1, 2019 | May 16, 2019 | $0.07 | normal |
| Mar 14, 2019 | Apr 1, 2019 | Feb 21, 2019 | $0.07 | normal |
| Dec 13, 2018 | Dec 31, 2018 | Nov 14, 2018 | $0.06 | normal |
| Sep 13, 2018 | Oct 1, 2018 | Aug 16, 2018 | $0.06 | normal |
| Jun 14, 2018 | Jul 2, 2018 | Jun 5, 2018 | $0.06 | normal |
| Mar 14, 2018 | Apr 2, 2018 | Feb 22, 2018 | $0.06 | normal |
| Dec 14, 2017 | Jan 2, 2018 | Nov 18, 2017 | $0.05 | normal |
Merchants Bancorp's payout ratio of 6.2% is below the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 31.2%, Merchants Bancorp's payout ratio is 80% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NBTB Nbt Bancorp Inc | 2.81% | $1.16 | 32.6% |
| NBHC National Bank Holdings Corp | 2.13% | $0.94 | 37% |
| MBIN Merchants Bancorp | 0.91% | $0.28 | 6.2% |
Yes, Merchants Bancorp has paid four dividends in the last 12 months. MBIN has been paying dividends since 2017.
Currently MBIN's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in March 2023.
Merchants Bancorp's last dividend ex-date was on Dec 14, 2022. The dividend amount was $0.07 per share.
On an annual basis MBIN pays $0.28 per share.
The current dividend yield of Merchants Bancorp is 0.91%.
Merchants Bancorp pays dividends quarterly.
The dividend payout ratio of Merchants Bancorp is 6.2%.
Merchants Bancorp's dividend yield is less than the Financial Services sector average.