Manhattan Bridge Capital Inc. Declares Quarterly Dividend of $0.02 (LOAN)
Manhattan Bridge Capital (NASDAQ:LOAN) announced a quarterly dividend on Wednesday, February 5th, ARN reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.02 per share on Wednesday, August 20th. This represents a $0.08 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Wednesday, August 13th.
Manhattan Bridge Capital (NASDAQ:LOAN) traded down 3.28% during mid-day trading on Wednesday, hitting $1.77. 7,811 shares of the company’s stock traded hands. Manhattan Bridge Capital has a one year low of $1.20 and a one year high of $2.30. The stock has a 50-day moving average of $1.71 and a 200-day moving average of $1.78. The company has a market cap of $7.5 million and a P/E ratio of 14.08.
Manhattan Bridge Capital, Inc (NASDAQ:LOAN), through its wholly owned subsidiaries, offer short-term, secured, nonbanking loans to real estate investors to fund their acquisition and construction of properties located in the New York Metropolitan area.
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