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

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 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 5.02%. The ex-dividend date is Monday, March 17th.

Medallion Financial has a payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. 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

MFIN opened at $8.76 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.54. The company has a market cap of $202.08 million, a price-to-earnings ratio of 5.18 and a beta of 2.07. Medallion Financial has a 52-week low of $6.48 and a 52-week high of $10.50. The firm’s fifty day simple moving average is $8.93 and its two-hundred day simple moving average is $8.85.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a research 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.