Medley Capital Corp (NYSE:MCC) declared a quarterly dividend on Monday, November 19th, Wall Street Journal reports. Investors of record on Wednesday, December 5th will be given a dividend of 0.10 per share by the investment management company on Thursday, December 20th. This represents a $0.40 annualized dividend and a yield of 11.56%. The ex-dividend date of this dividend is Tuesday, December 4th.

Medley Capital has decreased its dividend payment by an average of 22.1% annually over the last three years. Medley Capital has a dividend payout ratio of 148.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Medley Capital to earn $0.22 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 181.8%.

Medley Capital stock traded down $0.01 during midday trading on Monday, hitting $3.46. 102,925 shares of the stock were exchanged, compared to its average volume of 257,852. Medley Capital has a 52-week low of $3.35 and a 52-week high of $5.88. The stock has a market cap of $189.03 million, a PE ratio of 5.16 and a beta of 1.06. The company has a debt-to-equity ratio of 1.21, a quick ratio of 11.00 and a current ratio of 11.00.

An institutional investor recently raised its position in Medley Capital stock. JPMorgan Chase & Co. boosted its stake in Medley Capital Corp (NYSE:MCC) by 118.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,902 shares of the investment management company’s stock after acquiring an additional 32,539 shares during the period. JPMorgan Chase & Co. owned 0.11% of Medley Capital worth $229,000 as of its most recent filing with the SEC. 24.54% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Medley Capital from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. National Securities restated a “neutral” rating and set a $3.00 price target on shares of Medley Capital in a report on Wednesday, August 15th. Five investment analysts have rated the stock with a hold rating, Medley Capital has an average rating of “Hold” and an average target price of $4.67.

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Medley Capital Company Profile

Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.

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Dividend History for Medley Capital (NYSE:MCC)

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