Quarterly Dividend of $0.10 Planned by Marlin Business Serv (MRLN)
Marlin Business Serv (NASDAQ:MRLN) declared a quarterly dividend on Wednesday, January 30th. Stockholders of record on Monday, February 11th will be given a dividend of $0.10 per share on Friday, February 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%.
A number of research firms have also recently commented on MRLN. Analysts at Zacks downgraded shares of Marlin Business Serv from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $23.20 price target on the stock.
Shares of Marlin Business Serv (MRLN) traded down 1.21% during mid-day trading on Wednesday, hitting $21.18. Marlin Business Serv (MRLN) has a 52 week low of $13.33 and a 52 week high of $23.08. The stock’s 50-day moving average is currently $20.10. The company has a market cap of $258.8 million and a P/E ratio of 27.10.
Marlin Business Services Corp. (Marlin) is a provider of equipment financing and working capital solutions primarily to small businesses.
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