other material
confidence high
sentiment neutral
materiality 0.50
Merchants Bancorp declares quarterly dividends; shareholders approve increase in authorized shares
Merchants Bancorp
- Quarterly common dividend of $0.07 per share, payable July 1, 2022 to holders of record June 15, 2022.
- Preferred dividends: $0.4375 on Series A, and $15.00 per share on Series B and C (equivalent to $0.375 per depositary share).
- Shareholders approved increase in authorized shares from 55M to 80M total, common from 50M to 75M.
- All 11 director nominees were elected at the annual meeting on May 19, 2022.