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

ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) announced a quarterly dividend on Wednesday, March 5th, Wall Street Journal reports. Stockholders of record on Thursday, March 20th will be paid a dividend of 0.45 per share by the investment management company on Thursday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.56%. The ex-dividend date is Thursday, March 20th.

ArrowMark Financial has raised its dividend by an average of 5.8% per year over the last three years.

ArrowMark Financial Trading Up 0.4 %

BANX traded up $0.09 during trading on Friday, hitting $21.03. The company had a trading volume of 18,659 shares, compared to its average volume of 19,993. The business has a 50-day moving average of $21.06 and a 200-day moving average of $20.79. ArrowMark Financial has a 1-year low of $17.91 and a 1-year high of $21.67.

Insider Transactions at ArrowMark Financial

In other ArrowMark Financial news, Director John Scott Emrich sold 2,500 shares of the firm's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $21.28, for a total value of $53,200.00. Following the transaction, the director now owns 6,225 shares of the company's stock, valued at $132,468. This trade represents a 28.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.53% of the company's stock.

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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.