#United States #dividends #Carmel #Merchants Bancorp #Financial Services

Merchants Bancorp Raises Its Quarterly Dividend Significantly

Merchants Bancorp, a prominent banking entity headquartered in Carmel, Indiana, has made headlines by announcing an 11% increase in its quarterly common dividend. The decision was confirmed this past February 20, 2025, as part of the company's ongoing efforts to enhance shareholder value. This increase will apply to the first quarter of 2025 and represents a robust move by the organization, which oversees Merchants Bank of Indiana.

The Board of Directors declared that shareholders on record as of March 14, 2025, will receive a dividend of $0.10 per common share. In addition to this, the bank also declared attractive dividends for its preferred stockholders, comprising several categories of preferred shares:

• - 6% Series C Preferred Stock: A dividend of $15.00 per share (equivalent to $0.375 per depositary share).
• - 8.25% Series D Preferred Stock: A dividend of $20.625 per share (equivalent to $0.5156 per depositary share).
• - Series E Preferred Stock: A dividend of $19.06 per share (equivalent to $0.4765 per depositary share).

These dividends are set to be payable on April 1, 2025, showcasing Merchants Bancorp's commitment to rewarding its loyal investors while maintaining a strong capital position.

Overview of Merchants Bancorp

Ranked among the leading public banks in the United States by SP Global Market Intelligence, Merchants Bancorp operates a diversified banking structure that includes multiple segments. These segments not only include traditional banking but also specialized services such as multi-family mortgage banking and retail mortgage banking. As of December 31, 2024, Merchants Bancorp reported assets totaling $18.8 billion and deposits amounting to $11.9 billion.

Merchants Bancorp's operational segments are designed to cater to a wide array of financial needs, including:

• - Multi-family Mortgage Banking: This segment provides financing and servicing for multi-family housing and healthcare facilities, demonstrating the bank’s commitment to supporting vital sectors within the community.
• - Mortgage Warehousing: This unit specializes in providing financing solutions designed for mortgage warehousing.
• - Retail Banking: Offering services in retail and correspondent residential mortgage banking, as well as agricultural lending, Merchants Bancorp is deeply rooted in community support and development.

Furthermore, the bank acts through several subsidiaries, which include Merchants Capital Corp. and Merchants Mortgage, thereby broadening its scope and impact across various financial services.

Conclusion

The increase in common dividends coupled with the declaration of preferred dividends signifies an encouraging step for Merchants Bancorp amid a dynamic financial landscape. Investors, both existing and prospective, will find the announced figures resonate well with their expectations of consistent returns and a stable banking partner ready to tackle the challenges of today’s economy. Merchants Bancorp's strategy reflects a comprehensive approach to financial management, ensuring that it not only supports community growth but also secures investor confidence for sustainable future expansion.

For those seeking further insights or financial data related to Merchants Bancorp, a visit to their Investor Relations page is highly recommended, where comprehensive information and updates are routinely provided.