Medallion Financial (TAXI) Declares $0.25 Quarterly Dividend; 14% Yield

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Go back to Medallion Financial (TAXI) Declares $0.25 Quarterly Dividend; 14% Yield

Medallion Financial Corp. Reports 2016 First Quarter Results and Announces Ticker Symbol Changes to MFIN and MFINL

May 10, 2016 9:06 AM EDT

First quarter earnings of $6,848,000, or $0.28 per diluted common share Managed assets were $1.698 billion, including $1.101 billion at Medallion Bank, both all-time highs Net interest margin was 6.75% on a combined basis All of the earnings came from outside of the taxi medallion lending industry Consumer loans grew 32% from a year ago Book value per share, or net asset value, increased to $11.46 at March 31, 2016 Quarterly distribution of $0.25 per share declared... More