Medallion Bank operates as an industrial bank in the United States. The company operates through three segments: Recreation Lending, Home Improvement Lending, and Other. It provides consumer loans to purchase recreational vehicles, boats, and trailers. The company also offers financing for windows, siding, and roof replacement; and swimming pool and other home improvement projects. It offers its products through the network of dealers, contractors, and financial service providers. The company was founded in 2002 and is headquartered in Salt Lake City, Utah. Medallion Bank operates as a subsidiary of Medallion Financial Corp.
Medallion Bank Dividend Announcement
• Medallion Bank announced a quarterly dividend of $0.50 per ordinary share which will be made payable on 2025-01-02. Ex dividend date: 2024-12-16
• Medallion Bank annual dividend for 2024 was $2.00
• Medallion Bank annual dividend for 2023 was $2.00
• Medallion Bank's trailing twelve-month (TTM) dividend yield is 9.85%
• Medallion Bank's payout ratio for the trailing twelve months (TTM) is 42.96%
Medallion Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-16 | $0.50 | quarterly | 2025-01-02 |
2024-09-16 | $0.50 | quarterly | 2024-10-01 |
2024-06-14 | $0.50 | quarterly | 2024-07-01 |
2024-03-14 | $0.50 | quarterly | 2024-04-01 |
2023-12-14 | $0.50 | quarterly | 2024-01-02 |
2023-09-14 | $0.50 | quarterly | 2023-10-02 |
2023-06-14 | $0.50 | quarterly | 2023-07-03 |
2023-03-14 | $0.50 | quarterly | 2023-04-03 |
2022-12-14 | $0.50 | quarterly | 2023-01-03 |
2022-09-14 | $0.50 | quarterly | 2022-10-03 |
2022-06-14 | $0.50 | quarterly | 2022-07-01 |
2022-03-14 | $0.50 | quarterly | 2022-04-01 |
2021-12-14 | $0.50 | quarterly | 2022-01-03 |
2021-09-14 | $0.50 | quarterly | 2021-10-01 |
2021-06-14 | $0.50 | quarterly | 2021-07-01 |
2021-03-12 | $0.50 | quarterly | 2021-04-01 |
2020-12-14 | $0.50 | quarterly | 2021-01-04 |
2020-09-14 | $0.50 | quarterly | 2020-10-01 |
2020-06-12 | $0.50 | quarterly | 2020-07-01 |
2020-03-13 | $0.58 | quarterly | 2020-04-01 |
Medallion Bank Dividend per year
Medallion Bank Dividend growth
Medallion Bank Dividend Yield
Medallion Bank current trailing twelve-month (TTM) dividend yield is 9.85%. Interested in purchasing Medallion Bank stock? Use our calculator to estimate your expected dividend yield:
Medallion Bank Financial Ratios
Medallion Bank Dividend FAQ
Other factors to consider when evaluating Medallion Bank as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Medallion Bank's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Medallion Bank publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Medallion Bank distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Medallion Bank are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Medallion Bank sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Medallion Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Medallion Bank declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Medallion Bank's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Medallion Bank's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.