Dividend Report: Will Dec 7, 2016 be the day Medallion Financial Corp. (OTCMKTS:MFIN) makes dividends of $0.05?

Dividend Report: Will Dec 7, 2016 be the day Medallion Financial Corp. (OTCMKTS:MFIN) makes dividends of $0.05?

Medallion Financial Corp. (OTCMKTS:MFIN) is expected to pay $0.05 on Dec 7, 2016. The indicated annual dividend is $0.20. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Medallion Financial Corp.’s current price of $0.25, the dividend is 20.00%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 9, 2016. The stock closed at $0.25 during the last session. It is down 54.99% since April 25, 2016 and is downtrending. It has underperformed by 61.00% the S&P500.

Medical Finance Inc, formerly TenantWIZ Software Corp., is a development-stage company. The company has a market cap of $12.51 million. The Firm is engaged in the development of Web software solutions. It currently has negative earnings. Utilizing its Internet software, the Company provides a vacation rental software suite that allows individuals with little to no experience of complex programming languages or Website design knowledge to build, market, and maintain a professional vacation rental Website.

More notable recent Medical Finance Inc (OTCMKTS:MFIN) news were published by: Finance.Yahoo.com which released: “Utah Medical Products, Inc. Reports Financial Performance for Third Quarter 2016” on October 25, 2016, also Businesswire.com with their article: “Fitch Upgrades Hunterdon Medical Center, NJ’s Rev Bonds to ‘A+’; Outlook Stable” published on November 14, 2016, Finance.Yahoo.com published: “Halyard Health, Inc. to Present at Morgan Stanley Leveraged Finance Conference” on November 03, 2016. More interesting news about Medical Finance Inc (OTCMKTS:MFIN) were released by: Njbiz.com and their article: “Medical device company picks new CFO” published on November 23, 2016 as well as Prnewswire.com‘s news article titled: “Collagen Matrix, Inc. Names Oystein Valberg as Chief Financial Officer” with publication date: November 22, 2016.

MFIN Company Profile

Medallion Financial Corp., incorporated on October 20, 1995, is a closed-end, non-diversified management investment company. The Firm is a specialty finance company, which is engaged in originating, acquiring and servicing loans that finance taxicab medallions and various types of commercial businesses. The Firm operates in lending and investing activities segment. It originates and services medallion, secured commercial, and consumer loans, and invests in both marketable and nonmarketable securities. The Company’s subsidiary, Medallion Bank, also originates consumer loans for the purchase of recreational vehicles, boats, motorcycles, trailers, and to finance small-scale home improvements. The Firm also conducts business through its asset lending division, Medallion Business Credit, an originator of loans to small businesses for the purpose of financing inventory and receivables. The Company’s subsidiaries include Medallion Funding LLC (Medallion Funding), the Company’s primary taxicab medallion lending company; Medallion Capital, Inc. (Medallion Capital), which conducts a mezzanine financing business, and Freshstart Venture Capital Corp. (Freshstart), which originates and services taxicab medallion and commercial loans.

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