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Merchants Bancorp ups quarterly dividend


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Merchants Bancorp ups quarterly dividend

Merchants Bancorp will pay a quarterly cash dividend of 6 cents per common share, up from the previous 5 cents.

It will be distributed April 2 to shareholders of record as of March 15.

Merchants is the Carmel, Ind.-based holding company of Merchants Bank of Indiana, which had $3.39 billion in assets at the end of 2017.