Manhattan Bridge Capital, Inc. Declares an Increased Quarterly Dividend of $0.11 per Share

Rhea-AI Summary

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has declared a quarterly dividend of $0.11 per share. This dividend will be paid to all shareholders of record as of December 31, 2020, with a payment date set for January 15, 2021. This announcement reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly dividend of $0.11 per share provides income to shareholders.
• Dividend payment reflects confidence in the company's financial stability.

Negative

• None.

News Market Reaction – LOAN

-0.48%

-0.48% Session move

In the trading session that priced this news, LOAN declined 0.48%, reflecting a mild negative 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., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors has declared a quarterly dividend of $0.11 per share to be paid to all shareholders of record on December 31, 2020. The dividend will be paid on January 15, 2021.

SOURCE: Manhattan Bridge Capital, Inc.

FAQ

What is the dividend amount declared by Manhattan Bridge Capital, Inc. (LOAN)?

The declared dividend amount is $0.11 per share.

When is the dividend payment date for LOAN?

The dividend will be paid on January 15, 2021.

What is the record date for the dividend issued by LOAN?

The record date for the dividend is December 31, 2020.

How often does Manhattan Bridge Capital, Inc. issue dividends?

The company typically issues dividends quarterly.

Is the dividend payment sustainable for LOAN?

The sustainability of the dividend can depend on the company's future earnings and cash flow.