Medallion Financial Corp. (MFIN) to Issue Quarterly Dividend of $0.11 on March 31st

Medallion Financial Corp. (NASDAQ:MFIN) declared a quarterly dividend on Tuesday, March 4th, RTT News reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.11 per share by the credit services provider on Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Monday, March 17th.

Medallion Financial has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of MFIN opened at $8.76 on Thursday. The company has a 50 day moving average price of $8.93 and a 200-day moving average price of $8.85. Medallion Financial has a fifty-two week low of $6.48 and a fifty-two week high of $10.50. The stock has a market capitalization of $202.08 million, a PE ratio of 5.18 and a beta of 2.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18.

Medallion Financial (NASDAQ:MFIN) last posted its earnings results on Tuesday, March 4th. The credit services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $53.10 million during 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%. Equities analysts predict that Medallion Financial will post 1.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Medallion Financial from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th.

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.