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

Medallion Financial Corp. (NASDAQ:MFIN) declared a quarterly dividend on Tuesday, March 4th, RTT News reports. Investors 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 5.39%.

Medallion Financial has a payout ratio of 17.6% meaning 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 Price Performance

Shares of MFIN stock traded up $0.07 during mid-day trading on Tuesday, reaching $8.17. The company’s stock had a trading volume of 33,188 shares, compared to its average volume of 42,190. Medallion Financial has a 1-year low of $6.48 and a 1-year high of $10.50. The company has a market cap of $188.47 million, a P/E ratio of 4.83 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. The firm’s 50-day moving average is $8.95 and its two-hundred day moving average is $8.85.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings data on Tuesday, March 4th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. The company had revenue of $53.10 million during the quarter, compared to analysts’ expectations of $53.66 million. On average, research analysts predict that Medallion Financial will post 1.46 earnings per share for the current year.

Wall Street Analyst Weigh In

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