Medallion Financial Corp. Plans Quarterly Dividend of $0.11 (NASDAQ:MFIN)

Medallion Financial Corp. (NASDAQ:MFIN) announced a quarterly dividend on Tuesday, March 4th, RTT News reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.11 per share by the credit services provider on Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 5.15%.

Medallion Financial has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Medallion Financial to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 27.3%.

Medallion Financial Stock Performance

Shares of Medallion Financial stock traded up $0.37 during trading hours on Wednesday, reaching $8.54. The company’s stock had a trading volume of 667 shares, compared to its average volume of 42,210. Medallion Financial has a one year low of $6.48 and a one year high of $10.50. The company’s 50 day simple moving average is $8.93 and its 200 day simple moving average is $8.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $197.00 million, a P/E ratio of 4.94 and a beta of 2.07.

Medallion Financial (NASDAQ:MFIN) last issued its earnings results on Tuesday, March 4th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The firm had revenue of $53.10 million for the quarter, compared to analysts’ expectations of $53.66 million. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. As a group, analysts expect that Medallion Financial will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Medallion Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th.

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.