Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Get Free Report) declared 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 8.91%. The ex-dividend date is Tuesday, July 8th.
Manhattan Bridge Capital has decreased its dividend by an average of 1.8% annually over the last three years. Manhattan Bridge Capital has a payout ratio of 93.9% 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
Shares of NASDAQ:LOAN traded up $0.04 during midday trading on Thursday, reaching $5.16. 10,196 shares of the company's stock were exchanged, compared to its average volume of 19,766. The stock has a market cap of $59.03 million, a price-to-earnings ratio of 10.53 and a beta of 0.26. Manhattan Bridge Capital has a fifty-two week low of $4.74 and a fifty-two week high of $6.05. The firm's 50 day simple moving average is $5.50 and its two-hundred day simple moving average is $5.50.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The credit services provider reported $0.12 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 company had revenue of $2.27 million for the quarter.
Wall Street Analyst Weigh In
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 Stock 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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