---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062253"
form_type: "8-K"
ticker: "MBIN"
cik: "0001629019"
company_name: "Merchants Bancorp"
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:17:32.616326+00:00"
event_type: "dividend"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Merchants Bancorp declares Q2 2023 quarterly dividends on common and preferred stock

## Summary
- Common dividend $0.08 per share; payable July 3, 2023 to holders of record June 15, 2023.
- Series A preferred $0.4375/share; Series B $0.375/depositary share; Series C $0.375; Series D $0.5156.
- All dividends are regular quarterly declarations; no change in rate from prior quarter.
- Annual meeting results: all 11 director nominees elected; say-on-pay approved with ~84% support.

## SEC filing metadata
- accession: 0001104659-23-062253
- form_type: 8-K
- ticker: MBIN
- cik: 0001629019
- company_name: Merchants Bancorp
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: dividend
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1629019/000110465923062253/0001104659-23-062253-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1629019/000110465923062253/tm2316211d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062253
- JSON: https://secwatch.observer/filing/0001104659-23-062253.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062253.txt

## Key facts
- Shareholder Votes
  Merchants Bancorp shareholders approved Non-binding advisory vote on the frequency of future voting on executive compensation at the 2023-05-18 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: A non-binding, advisory vote on the frequency of future voting on the compensation of the Company’s named executive officers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629019/000110465923062253/0001104659-23-062253-index.htm
- Shareholder Votes
  Merchants Bancorp shareholders approved Election of eleven directors to serve until the 2024 annual meeting at the 2023-05-18 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: Election of eleven (11) members to the Company’s Board of Directors to serve until the Company’s 2024 annual meeting of shareholders and until his or her successor has been duly elected and qualified, or until his or her earlier resignation, removal, or death:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629019/000110465923062253/0001104659-23-062253-index.htm
- Shareholder Votes
  Merchants Bancorp shareholders approved Non-binding advisory vote on the compensation of the Company’s named executive officers at the 2023-05-18 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: A non-binding, advisory vote on the compensation of the Company’s named executive officers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629019/000110465923062253/0001104659-23-062253-index.htm
- Shareholder Votes
  Merchants Bancorp shareholders approved Ratification of appointment of BKD, LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-18 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: Ratification of the appointment of BKD, LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629019/000110465923062253/0001104659-23-062253-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.