ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) declared a monthly dividend on Tuesday, October 13th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.15 per share by the investment management company on Friday, October 30th. This represents a $1.80 annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend is Friday, October 23rd.
ArrowMark Financial Trading Up 0.1%
Shares of NASDAQ BANX opened at $20.10 on Thursday. ArrowMark Financial has a 12-month low of $18.45 and a 12-month high of $22.50. The stock has a 50 day simple moving average of $20.54 and a 200-day simple moving average of $19.99.
About ArrowMark Financial
ArrowMark Financial Corp. (NASDAQ: BANX) is a closed-end investment company that has elected to be regulated as a business development company. The company seeks to generate income and, to a lesser extent, capital appreciation by investing in the financial services sector.
ArrowMark Financial primarily invests in debt and equity securities issued by financial institutions, specialty finance companies and other businesses connected to the financial services industry. Its investment activities may include providing capital to banks, insurance companies, asset managers, mortgage-related businesses and other specialty finance firms through a range of privately negotiated and publicly traded securities.
The company was formerly known as StoneCastle Financial Corp.
See Also
- Five stocks we like better than ArrowMark Financial
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Receive News & Ratings for ArrowMark Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArrowMark Financial and related companies with MarketBeat.com's FREE daily email newsletter.
