Medallion Financial Corp. (NASDAQ:MFIN – Get Free Report) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.10 per share by the credit services provider on Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Tuesday, May 14th.
Medallion Financial has a dividend payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Medallion Financial to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 20.1%.
Medallion Financial Stock Performance
Shares of MFIN stock traded up $0.17 during mid-day trading on Thursday, reaching $7.93. 17,531 shares of the company’s stock traded hands, compared to its average volume of 97,650. The firm has a market capitalization of $185.40 million, a PE ratio of 3.72 and a beta of 2.08. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a 50 day moving average price of $7.88 and a two-hundred day moving average price of $8.69. Medallion Financial has a 12 month low of $5.75 and a 12 month high of $10.49.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Medallion Financial from a “hold” rating to a “buy” rating in a research report on Wednesday.
Get Our Latest Stock Report on MFIN
Medallion Financial Company Profile
Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.
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