Medley Capital Corporation (MCC) to Issue Quarterly Dividend of $0.16 on December 22nd
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.
ILLEGAL ACTIVITY NOTICE: “Medley Capital Corporation (MCC) to Issue Quarterly Dividend of $0.16 on December 22nd” was published by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/11/16/medley-capital-corporation-mcc-to-issue-quarterly-dividend-of-0-16-on-december-22nd.html.
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.
Receive News & Ratings for Medley Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medley Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.