Marlin Business Services Corp. (NASDAQ:MRLN) Raises Dividend to $0.14 Per Share

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Marlin Business Services Corp. (NASDAQ:MRLN) declared a dividend on Thursday, October 31st, Fidelity reports. Shareholders of record on Monday, November 11th will be given a dividend of 0.14 per share by the financial services provider on Thursday, November 21st. The ex-dividend date is Thursday, November 7th. This is a boost from Marlin Business Services’s previous dividend of $0.11.

MRLN stock traded up $0.36 during mid-day trading on Wednesday, reaching $22.50. 15,500 shares of the company traded hands, compared to its average volume of 9,641. The stock has a market cap of $263.30 million, a price-to-earnings ratio of 11.03 and a beta of 0.90. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.58. Marlin Business Services has a fifty-two week low of $17.51 and a fifty-two week high of $27.62. The firm’s 50 day moving average price is $23.95 and its 200 day moving average price is $23.19.

Marlin Business Services (NASDAQ:MRLN) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The company had revenue of $35.38 million for the quarter. Marlin Business Services had a net margin of 17.19% and a return on equity of 12.43%. On average, analysts anticipate that Marlin Business Services will post 2.18 EPS for the current fiscal year.

MRLN has been the subject of a number of analyst reports. ValuEngine upgraded Marlin Business Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. BidaskClub downgraded Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th.

About Marlin Business Services

Marlin Business Services Corp. provides credit products and services to small and mid-sized businesses in the United States. The company's products and services include loans and leases for the acquisition of commercial equipment and working capital loans. It offers lease finance to approximately 100 categories of equipment.

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Dividend History for Marlin Business Services (NASDAQ:MRLN)

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