Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Get Free Report) announced a quarterly dividend on Monday, April 21st, Wall Street Journal reports. Stockholders of record on Tuesday, July 8th will be paid a dividend of 0.115 per share by the credit services provider on Tuesday, July 15th. This represents a $0.46 annualized dividend and a dividend yield of 8.93%. The ex-dividend date is Tuesday, July 8th.
Manhattan Bridge Capital has decreased its dividend payment by an average of 1.8% annually over the last three years. Manhattan Bridge Capital has a dividend payout ratio of 93.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall.
Manhattan Bridge Capital Price Performance
NASDAQ LOAN traded down $0.01 on Friday, reaching $5.15. The company had a trading volume of 10,107 shares, compared to its average volume of 19,763. The firm has a market capitalization of $58.91 million, a PE ratio of 10.51 and a beta of 0.26. The firm has a 50-day moving average of $5.49 and a 200-day moving average of $5.50. Manhattan Bridge Capital has a 1 year low of $4.74 and a 1 year high of $6.05.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last announced its earnings results on Thursday, April 24th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%. The business had revenue of $2.27 million for the quarter.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Manhattan Bridge Capital in a research report on Thursday. They set a "strong-buy" rating on the stock.
Check Out Our Latest Research Report on Manhattan Bridge Capital
Manhattan Bridge Capital Company Profile
(
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Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.
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