Looking at the universe of stocks we cover at Dividend Channel, on 3/12/14, Medallion Financial Corp. (TAXI) will trade ex-dividend, for its quarterly dividend of $0.23, payable on 3/21/14. As a percentage of TAXI's recent stock price of $14.39, this dividend works out to approximately 1.60%, so look for shares of Medallion Financial Corp. to trade 1.60% lower — all else being equal — when TAXI shares open for trading on 3/12/14.
Below is a dividend history chart for TAXI, showing historical dividends prior to the most recent $0.23 declared by Medallion Financial Corp.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TAXI is likely to continue, and whether the current estimated yield of 6.39% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TAXI shares, versus its 200 day moving average:Looking at the chart above, TAXI's low point in its 52 week range is $12.80 per share, with $17.85 as the 52 week high point — that compares with a last trade of $14.38.
According to the ETF Finder at ETF Channel, TAXI makes up 1.95% of the BDC Income ETF (BIZD) which is trading higher by about 0.3% on the day Monday. In Monday trading, Medallion Financial Corp. shares are currently up about 0.3% on the day.