Manhattan Bridge Capital Inc. (LOAN) To Go Ex-Dividend on October 6th
Manhattan Bridge Capital Inc. (NASDAQ:LOAN) declared a quarterly dividend on Tuesday, August 2nd. Stockholders of record on Tuesday, October 11th will be paid a dividend of 0.10 per share on Monday, October 17th. This represents a $0.40 dividend on an annualized basis and a dividend 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. Manhattan Bridge Capital has a 12 month low of $3.80 and a 12 month high of $7.48. The company has a market capitalization of $52.28 million, a P/E ratio of 19.97 and a beta of 0.17. The stock’s 50 day moving average price is $6.31 and its 200-day moving average price is $5.14.
A number of equities research analysts have recently weighed in on the stock. Aegis reissued a “buy” rating on shares of Manhattan Bridge Capital in a report on Thursday, July 14th. Zacks Investment Research lowered shares of Manhattan Bridge Capital from a “buy” rating to a “hold” rating in a report on Friday, September 16th.
About Manhattan Bridge Capital
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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