Manhattan Bridge Capital, Inc (LOAN) to Issue Quarterly Dividend of $0.11 on April 15th

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) announced a quarterly dividend on Tuesday, February 10th. Investors of record on Wednesday, April 8th will be given a dividend of 0.11 per share by the credit services provider on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Wednesday, April 8th.

Manhattan Bridge Capital has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. Manhattan Bridge Capital has a dividend payout ratio of 91.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Manhattan Bridge Capital Stock Performance

Shares of NASDAQ LOAN opened at $4.52 on Thursday. The stock has a 50 day moving average price of $4.67 and a 200 day moving average price of $5.02. The stock has a market capitalization of $51.71 million, a PE ratio of 9.83 and a beta of 0.25. Manhattan Bridge Capital has a 52 week low of $4.29 and a 52 week high of $6.05.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.