Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Get Free Report) declared a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Stockholders of record on Tuesday, April 8th will be paid a dividend of 0.115 per share by the credit services provider on Tuesday, April 15th. This represents a $0.46 annualized dividend and a dividend yield of 8.18%. The ex-dividend date of this dividend is Tuesday, April 8th.
Manhattan Bridge Capital has decreased its dividend payment by an average of 1.8% annually over the last three years.
Manhattan Bridge Capital Stock Down 0.8 %
Shares of Manhattan Bridge Capital stock traded down $0.05 during trading hours on Tuesday, reaching $5.63. 1,695 shares of the stock traded hands, compared to its average volume of 13,251. Manhattan Bridge Capital has a one year low of $4.60 and a one year high of $5.90. The firm has a market capitalization of $64.35 million, a price-to-earnings ratio of 11.48 and a beta of 0.55. The company has a 50 day moving average price of $5.58 and a 200 day moving average price of $5.43.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on Manhattan Bridge Capital in a report on Tuesday. They issued a "strong-buy" rating on the stock.
View Our Latest Research Report on Manhattan Bridge Capital
About Manhattan Bridge Capital
(
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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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