Manhattan Bridge Capital, Inc Plans Quarterly Dividend of $0.12 (NASDAQ:LOAN)

Key Points

• Manhattan Bridge Capital, Inc announced a quarterly dividend of $0.12 per share, with shareholders of record on October 8th set to receive this payment on October 15th, representing an annualized yield of 8.47%.
• The company reported $0.12 earnings per share for the last quarter, meeting analysts' expectations, while having a high dividend payout ratio of 95.8%.
• Wall Street analysts have issued a "strong-buy" rating for Manhattan Bridge Capital, indicating expectations for future growth.

Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report) declared a quarterly dividend on Monday, July 28th, RTT News reports. Shareholders of record on Wednesday, October 8th will be given a dividend of 0.115 per share by the credit services provider on Wednesday, October 15th. This represents a $0.46 annualized dividend and a yield of 8.47%.

Manhattan Bridge Capital has a dividend payout ratio of 95.8% indicating that 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 opened at $5.43 on Monday. The firm has a market cap of $62.11 million, a P/E ratio of 11.55 and a beta of 0.30. The stock's 50-day moving average is $5.31 and its 200-day moving average is $5.42. Manhattan Bridge Capital has a one year low of $4.74 and a one year high of $6.05.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. Manhattan Bridge Capital had a return on equity of 12.68% and a net margin of 59.04%. The business had revenue of $2.36 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on Manhattan Bridge Capital in a research note on Sunday, May 18th. They issued a "strong-buy" rating for the company.

Manhattan Bridge Capital Company Profile

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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