Medley Management Inc (NYSE:MDLY) announced a quarterly dividend on Tuesday, April 2nd, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.03 per share by the asset manager on Friday, May 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Friday, April 12th.

Shares of NYSE MDLY opened at $3.32 on Thursday. The firm has a market capitalization of $18.96 million, a price-to-earnings ratio of 40.75 and a beta of 1.55. Medley Management has a 52-week low of $2.88 and a 52-week high of $5.80.

Separately, ValuEngine raised shares of Medley Management from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd.

In other Medley Management news, major shareholder Jacobs Asset Management, Llc sold 13,136 shares of Medley Management stock in a transaction on Monday, February 11th. The shares were sold at an average price of $4.01, for a total value of $52,675.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 109,700 shares of company stock valued at $417,289 over the last three months. Corporate insiders own 5.06% of the company’s stock.

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Medley Management Company Profile

Medley Management Inc is an investment holding company and operate and control all of the business and affairs of Medley LLC and its subsidiaries. Medley Management Inc was incorporated on June 13, 2014 and is based in New York, New York.

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Dividend History for Medley Management (NYSE:MDLY)

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