May 20th - $MERCHANTS BANCORP 8.25% DEP SHS REPSTG 1/40TH PERP PFD D (MBINM.US)$ is trading ex-dividend on June 14th, 2023.
Shareholders of record on June 15th, 2023 will receive 0.5156 USD dividend per share on July 3rd, 2023. The ex-dividend date is June 14th, 2023.
What Is a Cash Dividend?
A cash dividend is a payment made by a company to its shareholders in the form of periodic distributions of cash.
Cash dividends provide investors income, but come with tax consequences; they also cause the company's share price to drop.
What Is a Stock Dividend?
A stock dividend is a dividend paid to shareholders in the form of additional shares in the company.
Stock dividends are not usually taxed, increase the shareholder's stake in the company and give them the choice to keep or sell the shares; they also dilute the value of existing shares.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.