Medley Capital Corporation (NYSE:MCC) announced a quarterly dividend on Tuesday, October 31st, NASDAQ reports. Investors of record on Wednesday, November 22nd will be given a dividend of 0.16 per share by the investment management company on Friday, December 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 11.21%. The ex-dividend date is Tuesday, November 21st.

Medley Capital Corporation has decreased its dividend by an average of 10.7% per year over the last three years. Medley Capital Corporation has a payout ratio of 95.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Medley Capital Corporation to earn $0.66 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 97.0%.

Medley Capital Corporation (MCC) traded down $0.08 during trading on Thursday, reaching $5.71. 330,800 shares of the company were exchanged, compared to its average volume of 344,273. The company has a debt-to-equity ratio of 1.07, a current ratio of 10.33 and a quick ratio of 10.33. Medley Capital Corporation has a 12 month low of $5.53 and a 12 month high of $8.06. The stock has a market cap of $313.77, a price-to-earnings ratio of 7.72, a P/E/G ratio of 1.75 and a beta of 1.21.

A number of equities analysts have commented on MCC shares. ValuEngine upgraded shares of Medley Capital Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Medley Capital Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $7.00 target price on shares of Medley Capital Corporation in a research note on Wednesday, August 16th. Jefferies Group LLC restated a “hold” rating and issued a $6.50 target price on shares of Medley Capital Corporation in a research note on Wednesday, August 16th. Finally, National Securities restated a “neutral” rating and issued a $6.00 target price on shares of Medley Capital Corporation in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $7.00.

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About Medley Capital Corporation

Medley Capital Corporation is a non-diversified closed-end management investment company. The Company’s investment objective is to generate current income and capital appreciation by lending directly to privately-held middle market companies, primarily through directly originated transactions to help these companies expand their business, refinance and make acquisitions.

Dividend History for Medley Capital Corporation (NYSE:MCC)

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