Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Announces $0.12 Quarterly Dividend

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) declared a quarterly dividend on Monday, April 21st, Wall Street Journal reports. Investors of record on Tuesday, July 8th will be paid a dividend of 0.115 per share by the credit services provider on Tuesday, July 15th. This represents a $0.46 annualized dividend and a yield of 8.88%. The ex-dividend date of this dividend is Tuesday, July 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 tumble.

Manhattan Bridge Capital Trading Down 0.6 %

NASDAQ LOAN opened at $5.18 on Wednesday. Manhattan Bridge Capital has a 12 month low of $4.74 and a 12 month high of $6.05. The company has a market cap of $59.25 million, a PE ratio of 10.57 and a beta of 0.26. The stock has a 50 day moving average of $5.52 and a 200-day moving average of $5.51.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings data on Wednesday, March 12th. The credit services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $2.36 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Manhattan Bridge Capital in a research note on Wednesday, April 16th. 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.