Business Context and Reporting Period
Company: Merchants Bancorp
Filing Type: Form 8-K (Current Report)
Date of Report: November 20, 2019
Event: Declaration of quarterly cash dividends.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It solely reports dividend declarations.
| Security Class | Dividend Per Share | Record Date | Payment Date |
|---|---|---|---|
| Common Stock | $0.07 | December 13, 2019 | January 2, 2020 |
| Series A Preferred Stock | $0.4375 | December 13, 2019 | January 2, 2020 |
| Series B Preferred Stock | $15.00 ($0.375 per depositary share) | December 13, 2019 | January 2, 2020 |
Material Changes
The filing does not provide comparative financial data or discuss material changes in operating performance versus prior periods. The only reported change is the Board's declaration of the specific dividend amounts listed above.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors declared the dividends on November 20, 2019.
Guidance/Outlook: No forward-looking guidance or outlook is provided in this filing.
Risks/Contingencies: No specific risks or contingencies are discussed in this filing.
Investor Verification Checklist
- Verify the record date of December 13, 2019, to confirm eligibility for the upcoming dividend payment.
- Confirm the payment date of January 2, 2020, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the dividend declaration.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-Q or 10-K for revenue and earnings metrics.