Trailing Dividend / Share
$1.29
Merchants Bancorp (MBIN) Dividend History
Income profile from 2017 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.8%
Payout Ratio
27.2%
Sustainable
Dividend Streak
11 years
MBIN Dividend Income Check
Safety
27.2% payout ratio with sustainable safety profile.
Consistency
11 straight years of dividend increases.
Income Trend
Yield on cost is 2.2% and trend is rising.
MBIN Dividend Scorecard
Yield & Income
Dividend Yield2.8%
Trailing DPS$1.29
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout27.2%
Earnings SafetySustainable
FCF PayoutN/A
FCF SafetyUnknown
Piotroski F-Score3/9
Growth
Growth Streak11 years
3Y CAGR12.6%
5Y CAGR13.4%
Yield on Cost (5Y)2.2%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield2.8%
1Y Total Return53.6%
5Y Total Return61.9%
Div Contribution (5Y)5.5%
Estimated $10K growth (return + dividends):
5Y ago$16,18810Y ago$43,72620Y ago$43,726
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
MBIN Income Growth Story
Dividend per share and yield on cost over time (10 years of payments)
MBIN Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Merchants Bancorp distributes 27.2% of earnings as dividends (Sustainable).
Piotroski F-Score: 3/9 — weak financial health.
Growth Track Record
MBIN has raised its dividend for 11 consecutive years, with a 3-year CAGR of 12.6% and 5-year CAGR of 13.4%.
Total Shareholder Returns
Beyond cash dividends, MBIN returns capital through share repurchases. The combined picture: 2.8% dividend yield, 2.8% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 2.2% and is currently rising. The 5-year total return is 61.9%, with dividends contributing 5.5% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $43,726 today.
MBIN Recent Dividend Payments
Last 20 payments · Annual
TTM Total$1.65
Avg/Payment$0.0825
Latest Change+10.0%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 13, 2026Latest | $0.1100 | ↑ +10.0% | 98.42% | Apr 1, 2026 |
| Dec 15, 2025 | $0.1000 | — | 1.09% | Jan 2, 2026 |
| Sep 15, 2025 | $0.1000 | — | 1.21% | Oct 1, 2025 |
| Jun 13, 2025 | $0.1000 | — | 1.22% | Jul 1, 2025 |
| Mar 14, 2025 | $0.1000 | ↑ +11.1% | 97.63% | Apr 1, 2025 |
| Dec 13, 2024 | $0.0900 | — | 93.56% | Jan 2, 2025 |
| Sep 13, 2024 | $0.0900 | — | 79.73% | Oct 1, 2024 |
| Jun 14, 2024 | $0.0900 | — | 87.05% | Jul 1, 2024 |
MBIN Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
2.8%
#7 of 9
Safety
Sustainable
27.2% payout
Streak
11Y
13.4% 5Y CAGR
Total Shareholder
2.8%
#8 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| MBINMerchants Bancorp | $2.1B | 2.8% | 27.2% | 11 | Sustainable |
 WAFDWaFd, Inc. | $2.7B | 3.0% | 37.4% | 7 | Sustainable |
 CUBICustomers Bancorp, I… | $2.6B | 0.4% | — | 0 | Unknown |
1st  FFBCFirst Financial Banc… | $3.2B | 3.2% | 37.0% | 4 | Sustainable |
3rd  IBCPIndependent Bank Cor… | $696M | 3.1% | 31.5% | 11 | Sustainable |
2nd  NBTBNBT Bancorp Inc. | $2.4B | 3.2% | 42.9% | 12 | Sustainable |
 BANRBanner Corporation | $2.2B | 3.0% | 34.6% | 1 | Sustainable |
 BOKFBOK Financial Corpor… | $10.4B | 1.7% | 27.3% | 11 | Sustainable |
 HOMBHome Bancshares, Inc… | $5.3B | 2.8% | 37.3% | 21 | Sustainable |
MBIN Annual Dividend History (2015–2026)
12 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.11 | — | 1 | — | — | — | 0.6% |
| 2025 | $0.40 | 11.1% | 4 | $3.78 | 10.6% | 9.45x | 2.2% |
| 2024 | $0.36 | 12.5% | 4 | $6.30 | 5.7% | 17.50x | 1.9% |
| 2023 | $0.32 | 14.3% | 4 | $5.64 | 5.7% | 17.63x | 1.7% |
| 2022 | $0.28 | 16.7% | 4 | $4.47 | 6.3% | 15.96x | 1.5% |
| 2021 | $0.24 | 12.5% | 4 | $4.76 | 5.0% | 19.83x | 1.3% |
| 2020 | $0.21 | 14.3% | 4 | $3.85 | 5.5% | 18.05x | 1.2% |
| 2019 | $0.19 | 16.7% | 4 | $1.58 | 11.8% | 8.46x | 1.0% |
| 2018 | $0.16 | 380.0% | 4 | $1.38 | 11.6% | 8.62x | 0.9% |
| 2017 | $0.03 | — | 1 | $1.52 | 2.2% | 45.60x | 0.2% |
See MBIN's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonMBIN — Frequently Asked Questions
Quick answers to the most common questions about buying MBIN stock.
How much dividend does MBIN pay per share?
Merchants Bancorp (MBIN) pays a trailing 12-month dividend of $1.29 per share, with a current dividend yield of +2.8%. Payments are made Annual.
When is MBIN's next ex-dividend date?
MBIN's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. MBIN typically pays dividends Annual.
Is MBIN's dividend safe?
MBIN's dividend safety is rated "Sustainable" based on an earnings payout ratio of +27.2% and FCF payout ratio of N/A. With 11 consecutive years of dividend growth, the track record supports sustainability.
Is MBIN a Dividend Achiever?
Yes, Merchants Bancorp is classified as a Dividend Achiever with 11 consecutive years of dividend increases. The 5-year dividend CAGR is +13.4%, demonstrating above-inflation dividend growth.
How often does MBIN pay dividends?
Merchants Bancorp pays dividends Annual. The trailing 12-month total is $1.29 per share. Dividend data on this page covers 9+ years from 2017 to 2026.
How much would $10,000 invested in MBIN grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in MBIN five years ago would be worth approximately $16,188 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is MBIN's yield on cost for long-term holders?
MBIN's yield on cost — the current dividend divided by the original purchase price — is +2.2% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.8% market yield, thanks to consistent dividend growth.