Medallion Bank (NASDAQ:MBNKP – Get Free Report) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders 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 8.00%. The ex-dividend date of this dividend is Friday, June 14th.
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 MBNKP opened at $25.00 on Friday. The company has a 50-day moving average of $24.81 and a two-hundred day moving average of $23.96. Medallion Bank has a 12-month low of $18.60 and a 12-month high of $25.29.
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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