Merchants Bancorp Raises Common Dividend 10% to $0.11; Declares Preferred Payouts
Merchants Bancorp’s board raised its quarterly common dividend by 10% to $0.11 per share for Q1 2026, with a record date of March 13 and payable on April 1. The company also declared preferred dividends of $15.00 per share for Series C, $20.625 for Series D and $19.06 for Series E.
1. Dividend Increase for Common Stock
Merchants Bancorp’s board approved a 10% increase in its quarterly common dividend, raising it from $0.10 to $0.11 per share for the first quarter of 2026. This marks the first hike since Q4 2025 and underscores the company’s confidence in ongoing cash flows.
2. Preferred Dividend Details
The company declared quarterly dividends on its preferred issues: $15.00 per share for its 6% Series C, $20.625 per share for its 8.25% Series D and $19.06 per share for its Series E. These dividends equate to $0.375, $0.5156 and $0.4765 per depositary share respectively.
3. Record and Payment Schedule
Shareholders of record on March 13, 2026 will be entitled to receive the declared dividends, which are scheduled for payment on April 1, 2026. This timing aligns with the company’s standard quarterly dividend cycle.
4. Financial Overview
As of December 31, 2025, Merchants Bancorp held $19.4 billion in assets and $13.0 billion in deposits across its banking, mortgage and multifamily financing segments. The strong balance sheet supports continued dividend distributions and strategic lending activities.