ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) announced a monthly dividend on Friday, September 11th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.15 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Wednesday, September 23rd.
ArrowMark Financial Stock Performance
Shares of BANX opened at $20.90 on Monday. The firm has a 50-day moving average price of $20.52 and a 200 day moving average price of $19.86. ArrowMark Financial has a 52-week low of $18.45 and a 52-week high of $23.67.
ArrowMark Financial Company Profile
ArrowMark Financial Corp. (NASDAQ: BANX) is a closed-end management investment company that has elected to be regulated as a business development company. The company seeks to generate current income and, to a lesser extent, long-term capital appreciation by investing in the securities of financial institutions and other specialty finance businesses.
ArrowMark Financial primarily invests in subordinated debt, preferred equity and common equity securities issued by community banks and other U.S.-based financial companies.
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