Medallion Bank (NASDAQ:MBNKP – Get Free Report)’s share price dropped 0.5% during mid-day trading on Thursday . The stock traded as low as $25.30 and last traded at $25.36. Approximately 3,683 shares traded hands during trading, an increase of 80% from the average daily volume of 2,043 shares. The stock had previously closed at $25.50.
Medallion Bank Price Performance
The business’s fifty day simple moving average is $25.49 and its 200 day simple moving average is $25.11.
Medallion Bank Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 7.89%. 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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