Reminder - Medallion Financial (TAXI) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 5/12/15, Medallion Financial Corp. ( TAXI) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 5/21/15. As a percentage of TAXI's recent stock price of $10.60, this dividend works out to approximately 2.36%, so look for shares of Medallion Financial Corp. to trade 2.36% lower — all else being equal — when TAXI shares open for trading on 5/12/15.

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Below is a dividend history chart for TAXI, showing historical dividends prior to the most recent $0.25 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 9.43% 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 $9.00 per share, with $14.17 as the 52 week high point — that compares with a last trade of $10.58.

According to the ETF Finder at ETF Channel, TAXI makes up 1.19% of the BDC Income ETF ( BIZD) which is trading higher by about 0.4% on the day Friday.

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

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