ArrowMark Financial Corp (BANX) Raises Quarterly Dividend 2.6% to $0.39; 7.3% Yield
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ArrowMark Financial Corp. Announces an Increase in the First Quarter 2022 Cash Distribution to $0.39 per Share
March 3, 2022 8:10 AM ESTDENVER, March 03, 2022 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (Nasdaq: BANX) ("ArrowMark Financial" or the "Company"), an SEC registered closed-end management investment company, today announced that its Board of Directors increased the quarterly cash distribution to $0.39 per share from $0.38 per share, a $0.01 increase for the first quarter of 2022. The distribution will be payable on March 28, 2022 to shareholders of record on March 21, 2021.
We are pleased to offer our shareholders a dividend increase this quarter. We believe, the dividend increase reflects the Companys ability to consistently over-earn its declared quarterly dividend rate. ArrowMark Financial is... More
