Manhattan Bridge Stock Price, News & Analysis

Manhattan Bridge Capital (Nasdaq: LOAN) reported a net income of approximately $1,106,000 for Q1 2021, a rise of 8.9% from $1,016,000 in Q1 2020. Total revenues increased by 1.0% to about $1,729,000, attributed to lower interest and administrative expenses. Interest income from secured loans was $1,443,000, a slight decrease from $1,474,000 year-over-year. As of March 31, 2021, total shareholders' equity stood at approximately $33,073,000. The CEO expressed cautious optimism about the company's deal flow returning to pre-COVID levels.

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.

Manhattan Bridge Capital reported a net income of approximately $4.23 million for the year ended December 31, 2020, a 5.9% decline from $4.50 million in 2019. Total revenue decreased 4.6% to about $7.01 million, primarily due to lower interest rates and reduced demand for loans amid the COVID-19 pandemic. The company's operating expenses fell slightly, with total operating costs at approximately $2.80 million. Despite these challenges, shareholders' equity saw a marginal increase to around $31.96 million. The CEO highlighted the company's zero default record since inception.

Manhattan Bridge Capital has declared a quarterly dividend of $0.11 per share for all shareholders of record on April 9, 2021. This dividend will be disbursed on April 15, 2021, showcasing the company's ongoing commitment to returning value to its investors. The announcement reflects the firm’s financial health and aims to enhance shareholder confidence.

Manhattan Bridge Capital (NASDAQ: LOAN) announced a cash dividend of $0.11 per share, set to benefit shareholders of record on December 31, 2020. This dividend is part of the board-approved decision made on October 26, 2020 and will be distributed on January 15, 2021. The timely payment reflects the company's commitment to returning value to its investors.

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.

Manhattan Bridge Capital (LOAN) reported a net income of approximately $1,151,000, or $0.12 per share, for Q3 2020, unchanged from Q3 2019. Total revenues fell to about $1,786,000, a decrease of 6.8% year-over-year, driven by lower interest rates and reduced loan demand due to COVID-19. For the nine months ending September 30, 2020, net income was approximately $3,264,000, down 2.7% compared to the prior year. The company emphasized its stability with no defaults and continued dividend distribution despite challenging market conditions.

Manhattan Bridge Capital (LOAN) announced a cash dividend of $0.10 per share, payable on October 15, 2020, to shareholders of record by October 9, 2020. This follows their previous dividend declaration on July 30, 2020. CEO Assaf Ran expressed confidence that the worst impact of COVID-19 is behind them and highlighted the company's performance without defaults. He hopes for a return to a growth pattern in the near future, emphasizing their commitment to maintaining dividends during the pandemic.

Manhattan Bridge Capital announced a quarterly dividend of $0.10 per share for shareholders of record on October 9, 2020. This dividend is scheduled for payment on October 15, 2020. The declaration reflects the company's commitment to returning value to its investors amidst ongoing market conditions.