Manhattan Bridge Capital Inc. (LOAN) Declares Quarterly Dividend of $0.02
Manhattan Bridge Capital (NASDAQ:LOAN) declared a quarterly dividend on Wednesday, February 5th, Stock Ratings News reports. Shareholders of record on Friday, November 14th will be given a dividend of 0.02 per share on Thursday, November 20th. This represents a $0.08 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, November 12th.
Shares of Manhattan Bridge Capital (NASDAQ:LOAN) traded down 3.28% on Wednesday, hitting $1.77. 7,811 shares of the company’s stock traded hands. Manhattan Bridge Capital has a 52-week low of $1.20 and a 52-week 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 price-to-earnings 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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