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

ArrowMark Financial Corp. (NASDAQ:BANX) announced a quarterly dividend on Monday, December 15th. Investors of record on Friday, December 26th will be given a dividend of 0.45 per share by the investment management company on Monday, January 5th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, December 26th.

ArrowMark Financial Stock Down 0.1%

NASDAQ:BANX traded down $0.02 during mid-day trading on Monday, reaching $22.18. The company’s stock had a trading volume of 22,676 shares, compared to its average volume of 18,730. ArrowMark Financial has a 1 year low of $17.99 and a 1 year high of $23.67. The stock has a fifty day moving average of $21.52 and a 200-day moving average of $21.13. The firm has a market capitalization of $158.08 million, a PE ratio of 48.22 and a beta of 0.19.

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.