Manhattan Bridge Capital Inc. (LOAN) Increases Dividend to $0.10 Per Share
Manhattan Bridge Capital Inc. (NASDAQ:LOAN) announced a quarterly dividend on Tuesday, August 2nd. Investors of record on Tuesday, October 11th will be given a dividend of 0.10 per share on Monday, October 17th. This represents a $0.40 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from Manhattan Bridge Capital’s previous quarterly dividend of $0.09.
Manhattan Bridge Capital (NASDAQ:LOAN) opened at 7.17 on Friday. The firm has a 50-day moving average of $6.31 and a 200 day moving average of $5.14. Manhattan Bridge Capital has a 52 week low of $3.80 and a 52 week high of $7.48. The firm has a market capitalization of $52.28 million, a PE ratio of 19.97 and a beta of 0.17.
A number of research firms recently issued reports on LOAN. Zacks Investment Research lowered Manhattan Bridge Capital from a “buy” rating to a “hold” rating in a report on Friday, September 16th. Aegis reaffirmed a “buy” rating on shares of Manhattan Bridge Capital in a report on Thursday, July 14th.
Manhattan Bridge Capital Company Profile
Manhattan Bridge Capital, Inc (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area.
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