ArrowMark Financial Corp. Announces Monthly Dividend of $0.15 (NASDAQ:BANX)

Key Points

• ArrowMark Financial (NASDAQ: BANX) declared a monthly dividend of $0.15 per share, payable April 30 to shareholders of record on April 23, with the ex-dividend date listed as April 23.
• The $0.15 monthly payment annualizes to $1.80, implying a dividend yield of about 9.3% based on the current share price.
• Shares opened at $19.38, with a 50-day moving average of $19.56, a 200-day moving average of $20.91, and a 52-week range of $18.45 to $23.67.

ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) declared a monthly dividend on Monday, April 13th. Stockholders of record on Thursday, April 23rd will be given a dividend of 0.15 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Thursday, April 23rd.

ArrowMark Financial Price Performance

NASDAQ BANX opened at $19.38 on Tuesday. The firm has a 50 day simple moving average of $19.56 and a 200-day simple moving average of $20.91. ArrowMark Financial has a one year low of $18.45 and a one year high of $23.67.

ArrowMark Financial Company Profile

ArrowMark Financial Corporation NASDAQ: BANX is an asset management firm that provides investment advisory services and portfolio management solutions to institutional and individual clients. Headquartered in Minneapolis, with additional offices in Stamford, Connecticut, the company offers tailored separate-account management alongside a suite of sponsored investment products. Its advisory platform spans a broad range of equity, fixed‐income and multi‐asset strategies designed to meet diverse risk and return objectives.

Through its managed accounts business, ArrowMark delivers customized portfolio solutions covering traditional and alternative asset classes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.