Manhattan Bridge Capital Inc. (NASDAQ:LOAN) announced a quarterly dividend on Thursday, May 7th, Zacks reports. Investors of record on Friday, July 10th will be paid a dividend of 0.10 per share by the credit services provider on Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date of this dividend is Thursday, July 9th.
Manhattan Bridge Capital has a payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
Shares of LOAN opened at $4.89 on Tuesday. The company has a market cap of $45.26 million, a PE ratio of 10.63 and a beta of 0.66. The business has a fifty day moving average of $4.37 and a 200 day moving average of $5.01. Manhattan Bridge Capital has a 52-week low of $2.54 and a 52-week high of $6.72.
Manhattan Bridge Capital (NASDAQ:LOAN) last issued its quarterly earnings results on Monday, April 13th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $1.71 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.40% and a net margin of 60.44%.
A number of research firms have weighed in on LOAN. Maxim Group reiterated a “buy” rating and issued a $6.00 target price on shares of Manhattan Bridge Capital in a research note on Tuesday, April 21st. ValuEngine upgraded Manhattan Bridge Capital from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd.
Manhattan Bridge Capital Company Profile
Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area.
Featured Article: Quiet Period Expirations Explained
Receive News & Ratings for Manhattan Bridge Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manhattan Bridge Capital and related companies with MarketBeat.com's FREE daily email newsletter.