Manhattan Bridge Capital Inc. (NASDAQ:LOAN) announced a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.11 per share by the credit services provider on Monday, January 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date is Thursday, December 28th. This is a positive change from Manhattan Bridge Capital’s previous quarterly dividend of $0.10.
Shares of Manhattan Bridge Capital (LOAN) opened at $5.94 on Wednesday. Manhattan Bridge Capital has a fifty-two week low of $4.65 and a fifty-two week high of $7.65. The company has a market cap of $48.45, a price-to-earnings ratio of 14.85 and a beta of 0.76.
Manhattan Bridge Capital (NASDAQ:LOAN) last announced its earnings results on Thursday, October 19th. The credit services provider reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. Manhattan Bridge Capital had a net margin of 60.37% and a return on equity of 16.72%. The firm had revenue of $1.59 million for the quarter.
Separately, Maxim Group started coverage on shares of Manhattan Bridge Capital in a report on Thursday, December 21st. They set a “buy” rating and a $7.50 target price on the stock.
Manhattan Bridge Capital Company Profile
Manhattan Bridge Capital, Inc (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area.
Receive News & Ratings for Manhattan Bridge Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Bridge Capital and related companies with MarketBeat.com's FREE daily email newsletter.