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

Medallion Financial Corp. (NASDAQ:MFIN) declared a quarterly dividend on Thursday, February 13th, 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 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Monday, March 17th.

Medallion Financial has a dividend payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities 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

MFIN stock opened at $8.92 on Friday. The stock has a 50-day moving average price of $8.83 and a two-hundred day moving average price of $8.88. The stock has a market cap of $205.77 million, a PE ratio of 5.28 and a beta of 2.10. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. Medallion Financial has a 1 year low of $6.48 and a 1 year high of $10.50.

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

Analysts Set New Price Targets

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

Medallion Financial Company Profile

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.