Medallion Bank (NASDAQ:MBNKP – Get Free Report) declared a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.50 per share on Tuesday, October 1st. This represents a $2.00 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend is Monday, September 16th.
Medallion Bank has decreased its dividend by an average of 1.3% per year over the last three years.
Medallion Bank Stock Performance
NASDAQ:MBNKP opened at $25.02 on Friday. Medallion Bank has a 12-month low of $22.01 and a 12-month high of $25.29. The stock’s fifty day simple moving average is $24.88 and its 200-day simple moving average is $24.89.
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.
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