dividend
confidence high
sentiment neutral
materiality 0.60
Merchants Bancorp corrects Series B preferred dividend to $24.35/share, reaffirms Jan 2 redemption
Merchants Bancorp
- Corrected Series B preferred dividend to $24.35 per share ($0.60875 per depositary share) due to floating rate adjustment effective Oct 1, 2024.
- Dividend payable January 2, 2025 to shareholders of record December 13, 2024.
- Series B preferred stock redemption remains scheduled for January 2, 2025 as previously announced on November 26, 2024.