Manhattan Bridge Capital, Inc (LOAN) to Issue Quarterly Dividend of $0.11 on July 15th

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) declared a quarterly dividend on Monday, April 13th. Shareholders of record on Wednesday, July 8th will be paid a dividend of 0.11 per share by the credit services provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Wednesday, July 8th.

Manhattan Bridge Capital has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Manhattan Bridge Capital has a dividend payout ratio of 91.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Manhattan Bridge Capital Stock Performance

LOAN stock opened at $4.66 on Monday. The firm has a market cap of $53.26 million, a P/E ratio of 10.59 and a beta of 0.14. The firm’s fifty day moving average is $4.33 and its 200 day moving average is $4.46. Manhattan Bridge Capital has a 52 week low of $4.13 and a 52 week high of $5.85.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings results on Thursday, April 16th. The credit services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $2.07 million during the quarter, compared to the consensus estimate of $2.18 million. Manhattan Bridge Capital had a return on equity of 11.59% and a net margin of 59.24%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Manhattan Bridge Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.