ArrowMark Financial Corp. to Issue Quarterly Dividend of $0.45 (NASDAQ:BANX)

ArrowMark Financial Corp. (NASDAQ:BANX) declared a quarterly dividend on Monday, December 15th. Shareholders of record on Friday, December 26th will be given a dividend of 0.45 per share by the investment management company on Monday, January 5th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Friday, December 26th.

ArrowMark Financial Price Performance

BANX stock opened at $22.18 on Tuesday. The stock has a market capitalization of $158.14 million, a price-to-earnings ratio of 48.22 and a beta of 0.19. The company has a 50-day moving average of $21.53 and a two-hundred day moving average of $21.14. ArrowMark Financial has a 52-week low of $17.99 and a 52-week high of $23.67.

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.