ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) 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
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.
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