Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

(Neutral)

Rhea-AI Summary

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has announced a cash dividend of $0.11 per share, payable on April 15, 2021, to shareholders of record by April 9, 2021. This announcement follows a board-approved dividend declaration made on February 8, 2021. The dividend payment reflects the company’s ongoing commitment to returning value to its shareholders.

Positive

Cash dividend of $0.11 per share reflects strong shareholder returns.
Dividend payment scheduled for April 15, 2021, indicating timely distributions.

Negative

None.

News Market Reaction – LOAN

+2.87%

+2.87% Session move

In the trading session that priced this news, LOAN gained 2.87%, 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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03/31/2021 - 07:00 AM

GREAT NECK, N.Y., March 31, 2021 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on February 8, 2021, a cash dividend of $0.11 per share will be paid to all shareholders of record on April 9, 2021. The dividend will be paid on April 15, 2021.

FAQ

What is the dividend amount declared by LOAN?

Manhattan Bridge Capital declared a cash dividend of $0.11 per share.

When is the dividend payment date for LOAN?

The dividend will be paid on April 15, 2021.

Who is eligible for the LOAN dividend?

Shareholders of record on April 9, 2021, are eligible for the dividend.

When was the LOAN dividend declared?

The dividend was declared on February 8, 2021.