Manhattan Bridge Stock Price, News & Analysis

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.

Manhattan Bridge Capital reported total revenues of approximately $1.74 million for Q2 2020, down 2.1% from $1.78 million in Q2 2019, primarily due to lower interest rates and reduced demand for loans amid COVID-19. Net income for the quarter was approximately $1.1 million, matching the previous year's income per share. For the first half of 2020, revenues fell 3.2% to about $3.45 million. The firm maintains a strong equity position of $32.85 million and highlights its ability to uphold dividends despite the pandemic's challenges.

Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) has declared a cash dividend of $0.10 per share. This dividend, approved by the board on May 7, 2020, will be paid to shareholders of record as of July 10, 2020. Payment is scheduled for July 15, 2020.

Manhattan Bridge Capital (LOAN) has announced a change in the location of its Annual Meeting of Shareholders, now set to take place at 60 Cutter Mill Rd., Suite 205, Great Neck, NY on June 19, 2020, due to COVID-19 restrictions. The meeting will adhere to health protocols, requiring face coverings and temperature checks for attendees. Shareholders are encouraged to vote by mail or digitally and must notify the Company 48 hours in advance if planning to attend in person. Shareholders must have held shares as of May 1, 2020, to participate.

Manhattan Bridge Capital has declared a quarterly dividend of $0.10 per share, payable on July 15, 2020, to shareholders of record as of July 10, 2020. The board's decision reflects confidence in navigating the challenges posed by the COVID-19 crisis, with CEO Assaf Ran indicating that current issues appear manageable but acknowledges preparedness for worsening conditions. This announcement highlights the company's commitment to returning value to shareholders amid uncertain market dynamics.