Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

Rhea-AI Summary

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has announced a cash dividend of $0.1125 per share, set to benefit all shareholders on record as of April 10, 2023. This dividend, following the board's approval on March 13, 2023, will be distributed on April 17, 2023. This financial move highlights the company's commitment to returning value to its shareholders.

Positive

• Cash dividend of $0.1125 per share announced, reflecting company commitment to shareholder returns.

Negative

• None.

News Market Reaction

-1.01%

1 alert

-1.01% News Effect

On the day this news was published, LOAN declined 1.01%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

GREAT NECK, N.Y., March 31, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on March 13, 2023, a cash dividend of $0.1125 per share will be paid to all shareholders of record on April 10, 2023. The dividend will be paid on April 17, 2023.

SOURCE: Manhattan Bridge Capital, Inc.

FAQ

What is the upcoming dividend payment for LOAN?

Manhattan Bridge Capital will pay a dividend of $0.1125 per share.

When will the LOAN dividend be paid?

The dividend will be paid on April 17, 2023.

What is the record date for the LOAN dividend?

The record date for the dividend is April 10, 2023.

Was the dividend declared officially?

Yes, the dividend was declared by the board on March 13, 2023.