Merchants Bancorp 6% DP SH PFD B declares $0.59 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 21 2024
0mins
Should l Buy ?
Source: SeekingAlpha
Dividend Announcement: Merchants Bancorp has declared a quarterly dividend of $0.59 per share, with a forward yield of 9.3%, payable on January 2 to shareholders of record as of December 13.
Investment Recommendation: It is recommended to hold the Merchants Bancorp 6% DP SH PFD B stock for a few more months while considering a shift to floating preferred shares.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
