Medallion Financial Corp. (MFIN) To Go Ex-Dividend on November 9th

Medallion Financial Corp. (NASDAQ:MFIN) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.14 per share by the credit services provider on Thursday, November 19th. This represents a $0.56 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Monday, November 9th.

Medallion Financial has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Medallion Financial to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 54.4%.

Medallion Financial Stock Performance

Medallion Financial stock opened at $9.99 on Friday. Medallion Financial has a twelve month low of $7.85 and a twelve month high of $12.26. The company’s 50-day moving average price is $11.56 and its 200-day moving average price is $10.28. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The company has a market cap of $229.37 million, a PE ratio of 9.03 and a beta of 0.80.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings data on Thursday, October 29th. The credit services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.22). The company had revenue of $88.89 million for the quarter, compared to analysts’ expectations of $63.54 million. Medallion Financial had a return on equity of 5.32% and a net margin of 7.53%. On average, equities research analysts forecast that Medallion Financial will post 0.90 EPS for the current fiscal year.

Medallion Financial Company Profile

Medallion Financial Corp. is a specialty finance company that originates and services loans for taxi medallion owners and operators. Its lending activities have historically focused on financing the purchase and refinancing of taxi medallions, as well as providing loans secured by related commercial assets.

Through its subsidiaries, including Medallion Bank, the company also participates in consumer and commercial lending. Medallion Bank has offered financing for recreational vehicles, boats, home-improvement projects and other consumer purchases, while the company’s broader lending operations serve small businesses and transportation-related borrowers.

Founded in 1995 and headquartered in New York, Medallion Financial has built its business around specialized lending markets that are often served by fewer traditional financial institutions.