updated Tuesday, March 5, 4:11 PM
This morning, Medallion Financial (TAXI) declared its quarterly dividend of 22 cents per share, an increase of about 5% over its prior dividend. Based on the current stock price, investors can expect a yield of about 6.6% going forward.
Shares of TAXI were higher in Tuesday afternoon trading, gaining 2.2% on the news.
In other dividend news, Investors Title Company (ITIC) maintained its quarterly dividend of 8 cents per share. Astro Medical (ALOT) maintained its quarterly dividend of 7 cents per share. And Concurrent Computer (CCUR) maintained its quarterly dividend of 6 cents per share.
Among dividend increases, QUAD/GRAPHICS (QUAD) announced its quarterly dividend of 30 cents per share, an increase of about 20% over its prior dividend.
For MarketNewsVideo.com, I'm Sayoko Murase.
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