ArrowMark Financial Corp. to Issue Quarterly Dividend of $0.45 (NASDAQ:BANX)

ArrowMark Financial Corp. (NASDAQ:BANX) announced a quarterly dividend on Wednesday, March 5th, Wall Street Journal reports. Investors of record on Thursday, March 20th will be given a dividend of 0.45 per share by the investment management company on Thursday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 8.51%. The ex-dividend date is Thursday, March 20th.

ArrowMark Financial has raised its dividend by an average of 5.8% per year over the last three years.

ArrowMark Financial Stock Performance

NASDAQ:BANX opened at $21.14 on Tuesday. ArrowMark Financial has a twelve month low of $17.91 and a twelve month high of $21.67. The firm has a 50-day moving average price of $21.06 and a two-hundred day moving average price of $20.80.

Insider Transactions at ArrowMark Financial

In other ArrowMark Financial news, Director John Scott Emrich sold 2,500 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $21.28, for a total transaction of $53,200.00. Following the completion of the transaction, the director now owns 6,225 shares of the company’s stock, valued at approximately $132,468. This trade represents a 28.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

ArrowMark Financial Company Profile

ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization.