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

May 7, 2020 10:39 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

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.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Dividend Cut, Dividends, Management Comments

Related Entities

Dividend