Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

(Neutral)

Rhea-AI Summary

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has declared a cash dividend of $0.10 per share. This dividend, approved by the board on May 7, 2020, will be paid to shareholders of record as of July 10, 2020. Payment is scheduled for July 15, 2020.

Positive

Dividend of $0.10 per share enhances shareholder income.
Demonstrates company confidence in financial stability.

Negative

None.

News Market Reaction – LOAN

+7.11%

+7.11% Session move

In the trading session that priced this news, LOAN gained 7.11%, reflecting a notable 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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06/29/2020 - 07:00 AM

GREAT NECK, N.Y., June 29, 2020 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on May 7, 2020, a cash dividend of $0.10 per share will be paid to all shareholders of record on July 10, 2020. The dividend will be paid on July 15, 2020.

FAQ

What is the dividend amount for LOAN?

The dividend amount for Manhattan Bridge Capital, Inc. (LOAN) is $0.10 per share.

When is the dividend payment date for LOAN?

The dividend payment date for Manhattan Bridge Capital, Inc. (LOAN) is July 15, 2020.

Who qualifies for the LOAN dividend?

Shareholders of record as of July 10, 2020, qualify for the dividend.

How often does LOAN pay dividends?

Dividend frequency for Manhattan Bridge Capital, Inc. may vary; check recent announcements for updates.