Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

Rhea-AI Summary

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has declared a cash dividend of $0.125 per share, set for payment on January 18, 2022. This dividend will benefit all shareholders recorded by December 31, 2021. The announcement follows the board's approval on November 9, 2021, reiterating the company's commitment to returning value to its shareholders through consistent dividend payments.

Positive

• Dividend of $0.125 per share reinforces shareholder value.
• Payment demonstrates company's commitment to returning value to shareholders.

Negative

• None.

News Market Reaction – LOAN

+0.33%

+0.33% Session move

In the trading session that priced this news, LOAN gained 0.33%, reflecting a mild 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. 21, 2021 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on November 9, 2021, a cash dividend of $0.125 per share will be paid to all shareholders of record on December 31, 2021. The dividend will be paid on January 18, 2022.

SOURCE: Manhattan Bridge Capital, Inc.

FAQ

What is the dividend amount declared by LOAN?

Manhattan Bridge Capital declared a dividend of $0.125 per share.

When will the dividend be paid to LOAN shareholders?

The dividend will be paid on January 18, 2022.

Who is eligible to receive the LOAN dividend?

Shareholders of record on December 31, 2021, are eligible for the dividend.

When was the LOAN dividend declared?

The dividend was declared on November 9, 2021.