Marlin Business Services Corp. (MRLN) Announces $0.14 Quarterly Dividend

Marlin Business Services Corp. (NASDAQ:MRLN) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Monday, November 6th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, November 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Friday, November 3rd.

Shares of Marlin Business Services Corp. (MRLN) opened at $23.25 on Friday. Marlin Business Services Corp. has a 1 year low of $18.75 and a 1 year high of $29.95. The firm has a market capitalization of $290.83, a PE ratio of 16.49 and a beta of 1.23.

Marlin Business Services Corp. (NASDAQ:MRLN) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.11). Marlin Business Services Corp. had a return on equity of 10.84% and a net margin of 13.40%. The company had revenue of $23.14 million during the quarter, compared to analysts’ expectations of $23.60 million.

In other news, Director James W. Wert sold 2,980 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $25.42, for a total transaction of $75,751.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $25.01, for a total value of $75,030.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,765 shares of company stock valued at $170,799. 6.94% of the stock is currently owned by corporate insiders.

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MRLN has been the topic of several research reports. Zacks Investment Research cut Marlin Business Services Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub lowered Marlin Business Services Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 24th.

Marlin Business Services Corp. Company Profile

Marlin Business Services Corp. is a bank holding company and a financial holding company. The Company is a provider of credit products and services to small businesses. The Company provides products and services to its customers, which include loans and leases for the acquisition of commercial equipment, working capital loans, and insurance products.

Dividend History for Marlin Business Services Corp. (NASDAQ:MRLN)

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