Manhattan Bridge Capital (LOAN) Lowers Quarterly Dividend 9.1% to $0.10; 10.1% Yield

May 7, 2020 10:39 AM EDT

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Manhattan Bridge Capital (NASDAQ: LOAN) declared a quarterly dividend of $0.10 per share, or $0.4 annualized. This is a 9.1% decrease from the prior dividend of $0.11.

The dividend will be payable on July 15, 2020, to stockholders of record on July 10, 2020, with an ex-dividend date of July 9, 2020.

The annual yield on the dividend is 10.1 percent.

Assaf Ran, Chairman of the Board and CEO, stated, “As we deal with the dynamic consequences of the COVID-19 crisis, we feel that $0.10 is the appropriate dividend for the second quarter. At this point our problems seem manageable, but we are prepared in the event that conditions worsen.”

For a dividend history and other dividend-related data on Manhattan Bridge Capital (LOAN) click here.

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