Medallion Financial Corp. (NASDAQ:MFIN – Get Free Report) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.10 per share by the credit services provider on Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, August 15th.
Medallion Financial has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Medallion Financial to earn $1.97 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 20.3%.
Medallion Financial Stock Performance
Shares of MFIN stock opened at $8.29 on Thursday. The firm has a market capitalization of $193.82 million, a P/E ratio of 3.91 and a beta of 2.16. The company’s fifty day moving average price is $8.03 and its two-hundred day moving average price is $8.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.20 and a quick ratio of 1.20. Medallion Financial has a 12 month low of $6.28 and a 12 month high of $10.49.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a research note on Friday, July 19th.
View Our Latest Analysis on MFIN
About Medallion Financial
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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