Manhattan Bridge Capital, Inc. (LOAN) To Go Ex-Dividend on April 8th

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) announced a quarterly dividend on Wednesday, February 5th, Wall Street Journal reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.115 per share by the credit services provider on Tuesday, April 15th. This represents a $0.46 annualized dividend and a dividend yield of 8.21%. The ex-dividend date of this dividend is Tuesday, April 8th.

Manhattan Bridge Capital has decreased its dividend payment by an average of 1.8% annually over the last three years. Manhattan Bridge Capital has a dividend payout ratio of 93.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Manhattan Bridge Capital Price Performance

Shares of LOAN stock opened at $5.60 on Friday. The company has a fifty day moving average price of $5.66 and a two-hundred day moving average price of $5.54. Manhattan Bridge Capital has a one year low of $4.89 and a one year high of $6.05. The stock has a market cap of $64.06 million, a P/E ratio of 11.43 and a beta of 0.26.

Manhattan Bridge Capital (NASDAQ:LOAN) last issued its earnings results on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The firm had revenue of $2.36 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Manhattan Bridge Capital in a report on Monday, March 31st. They set a “strong-buy” rating on the stock.

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. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.