Ex-Div Reminder For Medallion Financial (TAXI)

Looking at the universe of stocks we cover at Dividend Channel, on 8/12/14, Medallion Financial Corp. ( TAXI) will trade ex-dividend, for its quarterly dividend of $0.24, payable on 8/21/14. As a percentage of TAXI's recent stock price of $11.61, this dividend works out to approximately 2.07%, so look for shares of Medallion Financial Corp. to trade 2.07% lower — all else being equal — when TAXI shares open for trading on 8/12/14.

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Below is a dividend history chart for TAXI, showing historical dividends prior to the most recent $0.24 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 8.27% 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 $11.01 per share, with $17.85 as the 52 week high point — that compares with a last trade of $11.61.

According to the ETF Finder at ETF Channel, TAXI makes up 1.32% of the BDC Income ETF ( BIZD) which is trading relatively unchanged on the day Monday.

In Monday trading, Medallion Financial Corp. shares are currently up about 0.9% on the day.

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