Medallion Bank (NASDAQ:MBNKP – Get Free Report) announced a quarterly dividend on Thursday, October 24th,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date of this dividend is Monday, December 16th.
Medallion Bank has decreased its dividend payment by an average of 1.3% per year over the last three years.
Medallion Bank Stock Performance
Shares of NASDAQ:MBNKP opened at $25.29 on Friday. Medallion Bank has a 12-month low of $22.75 and a 12-month high of $27.00. The company has a fifty day simple moving average of $25.57 and a 200 day simple moving average of $25.12.
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.
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