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

Medallion Bank (NASDAQ:MBNKPGet Free Report) declared a quarterly dividend on Thursday, October 31st, Wall Street Journal reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.50 per share on Thursday, January 2nd. This represents a $2.00 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend is Monday, December 16th.

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

Medallion Bank Trading Up 0.3 %

MBNKP opened at $25.93 on Friday. Medallion Bank has a 1-year low of $22.14 and a 1-year high of $26.41. The firm’s 50 day simple moving average is $25.06 and its two-hundred day simple moving average is $24.96.

Medallion Bank Company Profile

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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.

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Dividend History for Medallion Bank (NASDAQ:MBNKP)

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