Merchants Bancorp Raises Quarterly Common Dividend 10% to $0.11 Per Share
Merchants Bancorp (NASDAQ: MBIN), an Indiana-based diversified bank holding company, declared a quarterly common stock dividend of $0.11 per share, a 10% increase from its prior $0.10 quarterly payout. The company also declared quarterly dividends on three series of preferred stock.
Merchants Bancorp (NASDAQ: MBIN), an Indiana-based diversified bank holding company, declared a quarterly common stock dividend of $0.11 per share, a 10% increase from its prior $0.10 quarterly payout. The dividend is payable April 1, 2026 to shareholders of record on March 13, 2026. Read more dividend announcements.
The Carmel, Indiana-based company operates through three primary segments: multi-family mortgage banking, mortgage warehousing, and traditional community banking. As of December 31, 2025, Merchants reported $19.4 billion in assets and $13.0 billion in deposits.
Preferred Stock Dividends
The board also declared quarterly dividends on the company's three outstanding series of preferred stock, all payable on the same April 1 date to shareholders of record on March 13.
The 6% Series C preferred stock (NASDAQ: MBINN) will pay $15.00 per share, equivalent to $0.375 per depositary share. The 8.25% Series D preferred stock (NASDAQ: MBINM) will pay $20.625 per share, or $0.5156 per depositary share. The 7.625% Series E preferred stock (NASDAQ: MBINL) will pay $19.06 per share, or $0.4765 per depositary share.
Dividend Payment Details
| Security | Amount Per Share | Record Date | Payment Date |
|---|---|---|---|
| Common Stock (MBIN) | $0.11 | March 13, 2026 | April 1, 2026 |
| 6% Series C Preferred (MBINN) | $15.00 ($0.375 per depositary share) | March 13, 2026 | April 1, 2026 |
| 8.25% Series D Preferred (MBINM) | $20.625 ($0.5156 per depositary share) | March 13, 2026 | April 1, 2026 |
| 7.625% Series E Preferred (MBINL) | $19.06 ($0.4765 per depositary share) | March 13, 2026 | April 1, 2026 |
S&P Global Market Intelligence has ranked Merchants as a top performing U.S. public bank. The company operates through its direct and indirect subsidiaries including Merchants Bank of Indiana, Merchants Capital Corp., and Merchants Mortgage.