Manhattan Bridge Capital, Inc. Announces Payment of Quarterly $0.11 per Share Dividend

Rhea-AI Summary

Manhattan Bridge Capital (NASDAQ: LOAN) announced a cash dividend of $0.11 per share, set to benefit shareholders of record on December 31, 2020. This dividend is part of the board-approved decision made on October 26, 2020 and will be distributed on January 15, 2021. The timely payment reflects the company's commitment to returning value to its investors.

Positive

• Cash dividend of $0.11 per share paid on January 15, 2021.

Negative

• None.

News Market Reaction – LOAN

+2.86%

+2.86% Session move

In the trading session that priced this news, LOAN gained 2.86%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GREAT NECK, N.Y., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on October 26, 2020, a cash dividend of $0.11 per share will be paid to all shareholders of record on December 31, 2020. The dividend will be paid on January 15, 2021.

SOURCE: Manhattan Bridge Capital, Inc.

FAQ

What is the dividend amount for LOAN shareholders in 2021?

The dividend amount is $0.11 per share.

When will the dividend for LOAN be paid out?

The dividend will be paid on January 15, 2021.

Who is eligible for the LOAN dividend payment?

Shareholders of record on December 31, 2020, are eligible for the dividend.

When was the LOAN dividend declared?

The dividend was declared on October 26, 2020.