Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

Rhea-AI Summary

Manhattan Bridge Capital announced a cash dividend of $0.125 per share, set to be paid to shareholders of record on July 8, 2022, with the payment date scheduled for July 15, 2022. This dividend reflects the company's ongoing commitment to returning value to its shareholders, following the board's approval on April 15, 2022.

Positive

• Dividend of $0.125 per share signals strong shareholder value return.
• Payment scheduled shortly after record date enhances investor confidence.

Negative

• None.

News Market Reaction – LOAN

+0.88%

1 alert

+0.88% News Effect

On the day this news was published, LOAN gained 0.88%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

GREAT NECK, N.Y., June 22, 2022 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that, in accordance with the board approved dividend declared on April 15, 2022, a cash dividend of $0.125 per share will be paid to all shareholders of record on July 8, 2022. The dividend will be paid on July 15, 2022.

SOURCE: Manhattan Bridge Capital, Inc.

FAQ

When is the dividend payment date for LOAN?

The dividend payment date for LOAN is July 15, 2022.

What is the amount of the dividend declared by LOAN?

The amount of the dividend declared by LOAN is $0.125 per share.

Who is eligible for the dividend from LOAN?

Shareholders of record on July 8, 2022, are eligible for the dividend from LOAN.