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

Marlin Business Services Corp. (NASDAQ:MRLN) declared a dividend on Thursday, October 31st, Fidelity reports. Stockholders of record on Monday, November 11th will be paid 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 positive change from Marlin Business Services’s previous dividend of $0.11.

Shares of NASDAQ:MRLN traded up $0.21 during midday trading on Tuesday, reaching $22.35. 457 shares of the company’s stock traded hands, compared to its average volume of 9,641. Marlin Business Services has a 1 year low of $17.51 and a 1 year high of $27.62. The company has a market cap of $263.30 million, a P/E ratio of 11.01 and a beta of 0.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.17 and a current ratio of 0.17. The company has a fifty day simple moving average of $23.98 and a two-hundred day simple moving average of $23.19.

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

MRLN has been the topic of a number of research reports. ValuEngine upgraded Marlin Business Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. BidaskClub lowered Marlin Business Services from a “buy” rating to a “hold” rating in a report 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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