Medallion Bank Pref Series G Announces $0.5625 Quarterly Dividend
Medallion Bank Preferred Series G (MBNKO) has declared a quarterly dividend of $0.5625 per share, consistent with its previous payout. The forward yield is currently 8.84%. Shareholders will receive the payment on October 1 for those registered as shareholders by September 15; the ex-dividend date is also set for September 15. The dividend remains unchanged from prior quarters and reflects continued stability in Medallion Bank's preferred share payouts, which may be of interest to income-focused investors. The high yield suggests a strong return relative to its stock price but could indicate higher risk due to the nature of preferred shares.
Topics: dividend Medallion Bank