Manhattan Bridge Capital, Inc Plans Quarterly Dividend of $0.11 (NASDAQ:LOAN)

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Thursday, October 8th will be given a dividend of 0.11 per share by the credit services provider on Thursday, October 15th. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date is Thursday, October 8th.

Manhattan Bridge Capital has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Manhattan Bridge Capital has a 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 $4.17 on Wednesday. The company’s fifty day moving average is $4.32 and its two-hundred day moving average is $4.39. Manhattan Bridge Capital has a 1-year low of $3.90 and a 1-year high of $5.80. The stock has a market capitalization of $47.66 million, a price-to-earnings ratio of 9.93 and a beta of 0.14.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings results on Thursday, July 23rd. The credit services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Manhattan Bridge Capital had a net margin of 58.30% and a return on equity of 11.02%. The business had revenue of $0.00 million during the quarter, compared to analyst estimates of $2.04 million.

About Manhattan Bridge Capital

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.