Shares of Medallion Bank (NASDAQ:MBNKP – Get Free Report) shot up 0.3% during trading on Thursday . The company traded as high as $25.54 and last traded at $25.47. 5,188 shares traded hands during mid-day trading, an increase of 151% from the average session volume of 2,065 shares. The stock had previously closed at $25.40.
Medallion Bank Price Performance
The business’s 50 day simple moving average is $25.52 and its 200 day simple moving average is $25.16.
Medallion Bank Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date of this dividend was Monday, December 16th.
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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