ArrowMark Financial Corp. (NASDAQ:BANX) Announces $0.10 Special Dividend

ArrowMark Financial Corp. (NASDAQ:BANX) announced a special dividend on Monday, December 15th. Stockholders of record on Thursday, January 22nd will be given a dividend of 0.10 per share by the investment management company on Friday, January 30th. The ex-dividend date of this dividend is Thursday, January 22nd.

ArrowMark Financial Price Performance

Shares of BANX stock traded down $0.02 during mid-day trading on Monday, hitting $22.18. The stock had a trading volume of 22,676 shares, compared to its average volume of 18,730. ArrowMark Financial has a 12-month low of $17.99 and a 12-month high of $23.67. The firm has a market capitalization of $158.08 million, a P/E ratio of 48.22 and a beta of 0.19. The firm’s 50-day moving average is $21.52 and its two-hundred day moving average is $21.13.

ArrowMark Financial Company Profile

ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization.