Merchants Bancorp Increases Quarterly Common Dividend by 13%; Declares Quarterly Common and Preferred Dividends News provided by Share this article Share this article CARMEL, Ind., Feb. 18, 2021 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the first quarter of 2021, in each case to shareholders of record on March 15, 2021, payable on April 1, 2021: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ: MBIN), an increase of 13% compared to the fourth quarter of 2020;