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

ArrowMark Financial Corp. (NASDAQ:BANX) announced a monthly dividend on Tuesday, May 12th. Stockholders of record on Friday, May 22nd will be given a dividend of 0.15 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, May 22nd.

ArrowMark Financial Stock Up 0.1%

Shares of NASDAQ:BANX traded up $0.03 during midday trading on Wednesday, reaching $19.68. The company’s stock had a trading volume of 23,689 shares, compared to its average volume of 55,534. ArrowMark Financial has a twelve month low of $18.45 and a twelve month high of $23.67. The stock has a fifty day moving average of $19.38 and a 200 day moving average of $20.62.

ArrowMark Financial Company Profile

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.