Manhattan Bridge Capital Inc. (NASDAQ:LOAN) Announces Quarterly Dividend of $0.10

Manhattan Bridge Capital Inc. (NASDAQ:LOAN) announced a quarterly dividend on Friday, July 31st, Wall Street Journal reports. Investors of record on Friday, October 9th will be paid a dividend of 0.10 per share by the credit services provider on Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date is Thursday, October 8th.

Manhattan Bridge Capital has increased its dividend payment by an average of 28.0% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. 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 tumble.

Shares of LOAN stock opened at $4.15 on Friday. The stock has a 50-day moving average price of $4.43 and a 200 day moving average price of $4.78. The firm has a market cap of $40.44 million, a price-to-earnings ratio of 9.02 and a beta of 0.66. Manhattan Bridge Capital has a 12 month low of $2.54 and a 12 month high of $6.60.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its earnings results on Thursday, July 23rd. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. The company had revenue of $1.74 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.47% and a net margin of 60.94%.

Several equities analysts have recently issued reports on the company. ValuEngine upgraded Manhattan Bridge Capital from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Maxim Group restated a “buy” rating and set a $6.00 target price on shares of Manhattan Bridge Capital in a research report on Wednesday, July 22nd.

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.

Further Reading: Lock-Up Period Expiration

Dividend History for Manhattan Bridge Capital (NASDAQ:LOAN)

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's FREE daily email newsletter.