Medallion Financial Corp. (NASDAQ:MFIN) Shares Set to Pay Quarterly Dividend of $0.14

Medallion Financial Corp. (NASDAQ:MFIN) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.14 per share by the credit services provider on Thursday, November 19th. This represents a $0.56 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, November 9th.

Medallion Financial has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Medallion Financial to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 40.6%.

Medallion Financial Trading Up 1.4%

MFIN opened at $11.68 on Friday. The stock has a market cap of $268.17 million, a PE ratio of 8.78 and a beta of 0.79. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $11.76 and a 200-day moving average of $10.28. Medallion Financial has a 52 week low of $7.85 and a 52 week high of $12.26.

Medallion Financial (NASDAQ:MFIN) last released its quarterly earnings results on Thursday, October 29th. The credit services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.22). The firm had revenue of $88.89 million for the quarter, compared to the consensus estimate of $63.54 million. Medallion Financial had a net margin of 9.25% and a return on equity of 7.11%. Equities research analysts predict that Medallion Financial will post 1.15 earnings per share for the current fiscal year.

About Medallion Financial

Medallion Financial Corp. is a specialty finance company that originates and services loans for taxi medallion owners and operators. Its lending activities have historically focused on financing the purchase and refinancing of taxi medallions, as well as providing loans secured by related commercial assets.

Through its subsidiaries, including Medallion Bank, the company also participates in consumer and commercial lending. Medallion Bank has offered financing for recreational vehicles, boats, home-improvement projects and other consumer purchases, while the company’s broader lending operations serve small businesses and transportation-related borrowers.

Founded in 1995 and headquartered in New York, Medallion Financial has built its business around specialized lending markets that are often served by fewer traditional financial institutions.