The $0.5625 payout matches prior quarters and offers an 8.84% forward yield for MBNKO shareholders.
Medallion Bank’s Preferred Series G (MBNKO) announced a $0.5625 per share quarterly dividend, unchanged from previous distributions. The payout equates to an 8.84% forward yield based on current pricing.
The dividend is payable October 1 to shareholders of record as of September 15, with an ex-dividend date also set for September 15. The consistency aligns with the bank’s prior dividend schedule and yield profile.
No immediate market reaction was disclosed following the announcement.