Medallion Bank (NASDAQ:MBNKP) Declares $0.50 Quarterly Dividend

Medallion Bank (NASDAQ:MBNKP) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Saturday, June 15th will be paid a dividend of 0.50 per share on Monday, July 1st. This represents a $2.00 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date of this dividend is Friday, June 14th.

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

Medallion Bank Stock Performance

NASDAQ:MBNKP traded up $0.10 during trading hours on Thursday, reaching $25.10. The stock had a trading volume of 1,692 shares, compared to its average volume of 1,473. Medallion Bank has a 52 week low of $18.60 and a 52 week high of $25.29. The company has a 50 day moving average price of $24.81 and a two-hundred day moving average price of $23.95.

Medallion Bank Company Profile

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.