Medallion Bank (NASDAQ:MBNKP) to Issue $0.50 Quarterly Dividend

Medallion Bank (NASDAQ:MBNKP) declared a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.50 per share on Tuesday, October 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date of this dividend is Monday, September 16th.

Medallion Bank has decreased its dividend by an average of 1.3% per year over the last three years.

Medallion Bank Price Performance

Shares of MBNKP stock opened at $25.02 on Friday. Medallion Bank has a 1-year low of $22.01 and a 1-year high of $25.29. The stock has a 50-day moving average of $24.88 and a 200-day moving average of $24.89.

About Medallion Bank

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.