Merchants Bancorp Fixed/Float Series A Preferred Stock Goes Ex-Dividend Soon

On 9/14/23, Merchants Bancorp (Indiana)'s 7.00% Fixed/Float Series A Non-Cumul Perp Preferred Stock (Symbol: MBINP) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 10/2/23. As a percentage of MBINP's recent share price of $23.90, this dividend works o https://www.nasdaq.com/articles/merchants-bancorp-fixed-float-series-a-preferred-stock-goes-ex-dividend-soon