Medallion Financial Announces Quarterly Dividend of $0.14 Per Share
Medallion Financial (NASDAQ: MFIN) has declared a quarterly dividend of $0.14 per share, maintaining its previous payout level. The distribution represents a forward dividend yield of approximately 4.79%. The dividend is scheduled to be paid on November 19, with the ex-dividend date and the record date both set for November 9. This announcement comes amidst broader discussions regarding the company's recent earnings revisions and its strategic decision to repurchase $15 million in preferred securities for $11 million.
Tickers: $MFIN
Topics: dividend declaration preferred securities share buyback