SmarterDividends
MBIN

Merchants Bancorp

MBIN

Financial Services · Banks - Regional · Stock · quarterly payer

$48.77

Undervalued · +167% Add to Portfolio

Forward Yield

0.90%

Annual Dividend

$0.44

Payout Ratio

8%

5-Yr Growth

13.4%

Ex-Date

Sep 15, 2026

Frequency

Quarterly

Key facts about MBIN's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Merchants Bancorp (MBIN) has a forward dividend yield of 0.90%, based on an annual dividend of $0.44 per share and a share price of $48.77.
  • As of Oct 18, 2026, MBIN's dividend safety grade from SmarterDividends is A (81 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Merchants Bancorp (MBIN) has raised its dividend for 8 consecutive years as of Oct 18, 2026.
  • MBIN has never cut its regular dividend in the payment history SmarterDividends has on record.
  • MBIN's most recent ex-dividend date was Sep 15, 2026, for a dividend of $0.11 per share.
  • As of Oct 18, 2026, MBIN pays out 8% of its trailing 12-month earnings as dividends (its payout ratio).
  • MBIN's dividend has grown at an average rate of 13.4% a year over the past five years.
  • As of Oct 18, 2026, MBIN's 0.90% yield is 12% below its five-year average yield of 1.03%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MBIN is $130.10 per share, 167% above the $48.77 share price, so MBIN screens as undervalued.
  • Merchants Bancorp (MBIN) pays its dividend quarterly, 4 times a year.
  • Merchants Bancorp (MBIN) has raised its regular dividend 9 times and cut it 0 times across the 36 payments on record since 2017. Its most recent change was a 10.0% increase to $0.110 per share, going ex-dividend on Mar 13, 2026.
Cite this page

SmarterDividends, "MBIN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MBIN

Summary

As of Oct 18, 2026, Merchants Bancorp (MBIN) yields 0.90% ($0.44 a year per share), has a dividend safety grade of A (81/100) and has 8 consecutive years of dividend increases on record.

Is MBIN a good dividend stock?

Yes

Merchants Bancorp (MBIN) pays a quarterly dividend yielding 0.90% ($0.44/yr), with 8 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Never cut its dividend on record
  • Comfortable payout ratio (8%)
  • Strong 13.4% 5-yr dividend growth
  • 60% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
0.90%
Payout Ratio
8%
Annual Dividend
$0.44
5-Yr Avg Growth
13.4%
Ex-Dividend Date
Sep 15, 2026
Years of Growth
8
Frequency
quarterly
Beta
1.21
Market Cap
$2.2B
P/E Ratio
9.8
5-Yr Total Return
60%
52-Week Range
$30.37 – $56.87
Dividend Safety
A · 81/100
Ever Cut?
No

MBIN dividend raises and cuts

Merchants Bancorp (MBIN) has raised its regular dividend 9 times and cut it 0 times across the 36 payments on record since 2017. Its most recent change was a 10.0% increase to $0.110 per share, going ex-dividend on Mar 13, 2026.

Ex-dateChangeOld → newMove
Mar 13, 2026Raise$0.100 → $0.110+10.0%
Mar 14, 2025Raise$0.0900 → $0.100+11.1%
Mar 14, 2024Raise$0.0800 → $0.0900+12.5%
Mar 14, 2023Raise$0.0700 → $0.0800+14.3%
Mar 14, 2022Raise$0.0600 → $0.0700+16.7%
Mar 12, 2021Raise$0.0533 → $0.0600+12.5%
Mar 12, 2020Raise$0.0467 → $0.0533+14.3%
Mar 14, 2019Raise$0.0400 → $0.0467+16.7%
Mar 14, 2018Raise$0.0333 → $0.0400+20.0%
Every MBIN payment →Download every raise and cut (CSV)
MBIN ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →MBIN dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MBIN a good dividend stock?

Yes. Merchants Bancorp (MBIN) pays a quarterly dividend yielding 0.90% ($0.44/yr), with 8 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is MBIN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MBIN's fair value is about $130.10 versus a $48.77 share price — so it looks undervalued (+167% vs. fair value).

Is MBIN's dividend safe?

MBIN has a dividend-safety grade of A (81/100), based on its payout coverage, free-cash-flow, 8-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is MBIN's fair value?

Our blended fair-value estimate for MBIN is about $130.10 per share, roughly 167% above the current $48.77 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MBIN a buy, hold, or sell?

We don't issue formal ratings, but on the data MBIN screens as "yes" and undervalued. Merchants Bancorp (MBIN) pays a quarterly dividend yielding 0.90% ($0.44/yr), with 8 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will MBIN cut its dividend?

MBIN earns a dividend-safety grade of A (81/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MBIN pay a dividend?

Yes. Merchants Bancorp pays a quarterly dividend of about $0.44 per share annually, a forward yield of roughly 0.90%.

What is MBIN's dividend yield?

As of Oct 18, 2026, MBIN's forward dividend yield is 0.90%, based on a $0.44 annual dividend and a $48.77 share price.

What is MBIN's dividend per share?

As of Oct 18, 2026, MBIN pays $0.44 per share per year, distributed on a quarterly basis.

What is MBIN's dividend payout ratio?

As of Oct 18, 2026, MBIN's payout ratio is 8% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MBIN grown its dividend?

As of Oct 18, 2026, MBIN has increased its dividend for 8 consecutive years.

When is the next MBIN ex-dividend date?

As of Oct 18, 2026, MBIN's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $0.11 per share.

Income Calculator

At $0.44 / yr per share

Per payment (quarterly)$11.00
Annual$44.00
Monthly avg$3.67

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