Medallion Financial Corp. (NASDAQ:MFIN – Get Free Report) announced a quarterly dividend on Tuesday, October 29th, NASDAQ reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.11 per share by the credit services provider on Wednesday, November 27th. This represents a $0.44 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, November 15th.
Medallion Financial has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Medallion Financial to earn $1.80 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 22.2%.
Medallion Financial Stock Performance
Shares of MFIN opened at $9.37 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a 50-day moving average of $8.17 and a 200-day moving average of $8.04. The company has a market cap of $217.10 million, a PE ratio of 5.21 and a beta of 2.14. Medallion Financial has a one year low of $6.48 and a one year high of $10.14.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Medallion Financial from a “hold” rating to a “buy” rating in a research note on Monday.
Read Our Latest Analysis 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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