Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

Rhea-AI Summary

Manhattan Bridge Capital (NASDAQ: LOAN) has announced the payment of its quarterly cash dividend. The company will distribute $0.115 per share to shareholders of record as of October 8, 2024. The dividend payment is scheduled for October 15, 2024. This dividend distribution aligns with the board's decision made on July 29, 2024, demonstrating the company's commitment to providing regular returns to its shareholders.

Positive

• Consistent dividend payment indicates financial stability
• Maintaining quarterly dividend suggests confidence in cash flow

Negative

• None.

News Market Reaction – LOAN

+0.47%

+0.47% Session move

In the trading session that priced this news, LOAN gained 0.47%, 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., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on July 29, 2024, a cash dividend of $0.115 per share will be paid to all shareholders of record on October 8, 2024. The dividend will be paid on October 15, 2024.

FAQ

What is the dividend amount for Manhattan Bridge Capital (LOAN) in October 2024?

Manhattan Bridge Capital (NASDAQ: LOAN) will pay a cash dividend of $0.115 per share in October 2024.

When is the ex-dividend date for Manhattan Bridge Capital's (LOAN) October 2024 dividend?

The press release does not specify the ex-dividend date. Typically, it's one business day before the record date, which is October 8, 2024.

What is the payment date for Manhattan Bridge Capital's (LOAN) latest dividend?

The payment date for Manhattan Bridge Capital's (NASDAQ: LOAN) latest dividend is October 15, 2024.

How often does Manhattan Bridge Capital (LOAN) pay dividends?

Based on the announcement of a quarterly dividend, Manhattan Bridge Capital (NASDAQ: LOAN) appears to pay dividends on a quarterly basis.