Shares of Medallion Bank (NASDAQ:MBNKP – Get Free Report) dropped 0.5% during trading on Thursday . The company traded as low as $25.30 and last traded at $25.36. Approximately 3,683 shares were traded during mid-day trading, an increase of 80% from the average daily volume of 2,043 shares. The stock had previously closed at $25.50.
Medallion Bank Stock Up 0.3 %
The firm’s fifty day moving average is $25.52 and its two-hundred day moving average is $25.11.
Medallion Bank Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 7.86%. The ex-dividend date of this dividend is Monday, December 16th.
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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