Merchants (MBIN) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $0.43
- Forward yield
- 0.88%
- Payout ratio
- 9.3%
- Growth streak
- 3 years
Merchants Bancorp pays a quarterly dividend of $0.11 per share. Its most recent payment had an ex-date of September 15, 2026 and was paid on October 1, 2026. Over the trailing twelve months, it paid $0.43 per share, a yield of about 0.87% at a share price of $49.71.
The record shows a steady annual rhythm. The table opens with a $0.09 payment in December 2021, followed by $0.07 for each payment in 2022. Since then, the rate has risen by one cent a year with the payment that goes ex-dividend in March: to $0.08 in 2023, $0.09 in 2024, $0.10 in 2025 and $0.11 in 2026. Those raises ranged from 10% to about 14%. Since early 2022, the quarterly rate has grown about 57%. Payments by calendar year rose from $0.28 in 2022 to $0.40 in 2025. The source gives a growth streak of three consecutive calendar years.
If the pattern holds, the next payment would go ex-dividend in mid-December 2026 and be paid in early January 2027. Past raises have come with the March payment, not the December one.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Aug 20, 2026 | Sep 15, 2026 | Oct 1, 2026 | $0.11 |
| May 21, 2026 | Jun 15, 2026 | Jul 1, 2026 | $0.11 |
| Feb 19, 2026 | Mar 13, 2026 | Apr 1, 2026 | $0.11 |
| Nov 19, 2025 | Dec 15, 2025 | Jan 2, 2026 | $0.10 |
| Aug 21, 2025 | Sep 15, 2025 | Oct 1, 2025 | $0.10 |
| May 15, 2025 | Jun 13, 2025 | Jul 1, 2025 | $0.10 |
| Feb 20, 2025 | Mar 14, 2025 | Apr 1, 2025 | $0.10 |
| Nov 20, 2024 | Dec 13, 2024 | Jan 2, 2025 | $0.09 |
| Aug 15, 2024 | Sep 13, 2024 | Oct 1, 2024 | $0.09 |
| May 16, 2024 | Jun 14, 2024 | Jul 1, 2024 | $0.09 |
| Feb 14, 2024 | Mar 14, 2024 | Apr 1, 2024 | $0.09 |
| Nov 15, 2023 | Dec 14, 2023 | Jan 2, 2024 | $0.08 |
| Aug 17, 2023 | Sep 14, 2023 | Oct 2, 2023 | $0.08 |
| May 18, 2023 | Jun 14, 2023 | Jul 3, 2023 | $0.08 |
| Feb 16, 2023 | Mar 14, 2023 | Apr 3, 2023 | $0.08 |
| Nov 16, 2022 | Dec 14, 2022 | Jan 3, 2023 | $0.07 |
| Aug 18, 2022 | Sep 14, 2022 | Oct 3, 2022 | $0.07 |
| May 19, 2022 | Jun 14, 2022 | Jul 1, 2022 | $0.07 |
| Feb 17, 2022 | Mar 14, 2022 | Apr 1, 2022 | $0.07 |
| Nov 17, 2021 | Dec 14, 2021 | Jan 3, 2022 | $0.09 |
Frequently asked questions
Does Merchants (MBIN) pay a dividend?
Yes. Merchants pays a quarterly dividend; the most recent payment was $0.11 per share.
What is MBIN's dividend yield?
Merchants paid $0.43 per share over the trailing twelve months, a yield of 0.88% at the last price of $49.10. Click here to learn more
When is MBIN's most recent ex-dividend date?
Merchants's most recent ex-dividend date is Sep 15, 2026, payable on Oct 1, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has MBIN been raising its dividend?
Yes — Merchants has increased its dividend for 3 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.