Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

Rhea-AI Summary

Manhattan Bridge Capital (NASDAQ: LOAN) announced a cash dividend of $0.125 per share, set to be distributed to shareholders of record on July 9, 2021. This dividend follows the board's earlier declaration on April 15, 2021, and will be paid out on July 15, 2021. The announcement underscores the company's commitment to returning value to its shareholders.

Positive

• Cash dividend of $0.125 per share enhances shareholder value.
• Scheduled dividend payment indicates financial stability and confidence.

Negative

• None.

News Market Reaction – LOAN

+4.62%

+4.62% Session move

In the trading session that priced this news, LOAN gained 4.62%, 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., June 22, 2021 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on April 15, 2021, a cash dividend of $0.125 per share will be paid to all shareholders of record on July 9, 2021. The dividend will be paid on July 15, 2021.

SOURCE: Manhattan Bridge Capital, Inc.

FAQ

What is the upcoming dividend amount for LOAN?

The upcoming dividend amount for LOAN is $0.125 per share.

When is the dividend payment date for Manhattan Bridge Capital?

The dividend payment date for Manhattan Bridge Capital is July 15, 2021.

Who qualifies for the LOAN dividend?

Shareholders of record on July 9, 2021, will qualify for the LOAN dividend.

When was the LOAN dividend declared?

The LOAN dividend was declared on April 15, 2021.