ArrowMark Financial Corp. (NASDAQ:BANX) Plans Monthly Dividend of $0.15

ArrowMark Financial Corp. (NASDAQ:BANX) announced a monthly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be paid a dividend of 0.15 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date is Friday, July 24th.

ArrowMark Financial Trading Up 0.2%

Shares of NASDAQ:BANX opened at $20.05 on Wednesday. The business’s fifty day moving average price is $19.68 and its two-hundred day moving average price is $20.01. ArrowMark Financial has a fifty-two week low of $18.45 and a fifty-two week high of $23.67.

Institutional Investors Weigh In On ArrowMark Financial

Large investors have recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in shares of ArrowMark Financial in the 3rd quarter worth about $205,000. Marshall Wace LLP bought a new position in ArrowMark Financial during the 2nd quarter valued at about $386,000. Osaic Holdings Inc. boosted its position in ArrowMark Financial by 26.5% in the second quarter. Osaic Holdings Inc. now owns 22,721 shares of the investment management company’s stock valued at $476,000 after buying an additional 4,762 shares in the last quarter. Everstar Asset Management LLC boosted its position in ArrowMark Financial by 4.5% in the fourth quarter. Everstar Asset Management LLC now owns 46,192 shares of the investment management company’s stock valued at $1,000,000 after buying an additional 2,004 shares in the last quarter. Finally, Closed End Fund Advisors Inc. bought a new stake in ArrowMark Financial during the fourth quarter worth about $1,513,000. Institutional investors own 24.93% of the company’s stock.

About ArrowMark Financial

ArrowMark Financial Corporation (NASDAQ: BANX) is an asset management firm that provides investment advisory services and portfolio management solutions to institutional and individual clients. Headquartered in Minneapolis, with additional offices in Stamford, Connecticut, the company offers tailored separate-account management alongside a suite of sponsored investment products. Its advisory platform spans a broad range of equity, fixed‐income and multi‐asset strategies designed to meet diverse risk and return objectives.

Through its managed accounts business, ArrowMark delivers customized portfolio solutions covering traditional and alternative asset classes.