Medallion Bank (NASDAQ:MBNKP) Announces $0.50 Quarterly Dividend

Medallion Bank (NASDAQ:MBNKP) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.50 per share on Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 7.83%. The ex-dividend date of this dividend is Monday, March 17th.

Medallion Bank Stock Performance

Shares of MBNKP stock traded up $0.09 on Friday, reaching $25.54. The company had a trading volume of 1,841 shares, compared to its average volume of 1,856. The company has a 50-day moving average of $25.43 and a 200-day moving average of $25.22. Medallion Bank has a 12 month low of $23.94 and a 12 month high of $27.00.

Medallion Bank Company Profile

Medallion Bank, an industrial bank, originates consumer loans, raises deposits, and conducts other banking activities in the United States. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects, as well as provides loan origination services.