Cash Dividend On The Way From Medallion Financial (TAXI)

Looking at the universe of stocks we cover at Dividend Channel, on 5/15/13, Medallion Financial Corp. ( TAXI) will trade ex-dividend, for its quarterly dividend of $0.22, payable on 5/24/13. As a percentage of TAXI's recent stock price of $15.30, this dividend works out to approximately 1.44%, so look for shares of Medallion Financial Corp. to trade 1.44% lower — all else being equal — when TAXI shares open for trading on 5/15/13.

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Below is a dividend history chart for TAXI, showing historical dividends prior to the most recent $0.22 declared by Medallion Financial Corp.:

TAXI+Dividend+History+Chart

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 5.75% 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:

Medallion Financial Corp. 200 Day Moving Average Chart

Looking at the chart above, TAXI's low point in its 52 week range is $9.85 per share, with $15.3999 as the 52 week high point — that compares with a last trade of $15.30.

According to the ETF Finder at ETF Channel, TAXI makes up 2.04% of the BDC Income ETF ( BIZD) which is trading higher by about 0.1% on the day Monday.

In Monday trading, Medallion Financial Corp. shares are currently up about 1.4% on the day.

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