Manhattan Bridge Capital, Inc. Increases its Quarterly Dividend to $0.125 per Share

Rhea-AI Summary

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has declared a quarterly dividend of $0.125 per share. This dividend is set to benefit all shareholders of record on July 9, 2021, with payment scheduled for July 15, 2021. The announcement reflects the company's continued commitment to returning value to its shareholders.

Positive

• Quarterly dividend of $0.125 per share announced.
• Dividend payment date set for July 15, 2021.
• Demonstrates commitment to shareholder value.

Negative

• None.

News Market Reaction – LOAN

+3.43%

+3.43% Session move

In the trading session that priced this news, LOAN gained 3.43%, 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., April 15, 2021 (GLOBE NEWSWIRE) --

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors has declared a quarterly dividend of $0.125 per share to 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 for LOAN scheduled to be paid?

The dividend for LOAN is scheduled to be paid on July 15, 2021.

Who qualifies for the LOAN dividend?

All shareholders of record on July 9, 2021, qualify for the LOAN dividend.

Is the LOAN dividend sustainable?

The sustainability of the LOAN dividend is not discussed in the press release.