Manhattan Bridge Capital, Inc (LOAN) To Go Ex-Dividend on December 31st

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) announced a quarterly dividend on Wednesday, October 29th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.115 per share by the credit services provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Wednesday, December 31st.

Manhattan Bridge Capital has decreased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. Manhattan Bridge Capital has a dividend payout ratio of 95.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Manhattan Bridge Capital Price Performance

NASDAQ LOAN opened at $4.88 on Monday. The company has a market cap of $55.83 million, a P/E ratio of 10.61 and a beta of 0.27. Manhattan Bridge Capital has a 12 month low of $4.29 and a 12 month high of $6.05. The company has a 50-day moving average of $4.84 and a 200-day moving average of $5.21.

Manhattan Bridge Capital (NASDAQ:LOAN) last released its earnings results on Friday, October 24th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 58.67% and a return on equity of 12.22%. The company had revenue of $2.04 million during the quarter.

Manhattan Bridge Capital Company Profile

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.