Manhattan Bridge Capital Inc. (NASDAQ:LOAN) Announces Quarterly Dividend of $0.10

Manhattan Bridge Capital Inc. (NASDAQ:LOAN) announced a quarterly dividend on Thursday, May 7th, Zacks reports. Stockholders of record on Friday, July 10th will be given a dividend of 0.10 per share by the credit services provider on Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date is Thursday, July 9th.

Manhattan Bridge Capital has a payout ratio of 90.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Manhattan Bridge Capital stock opened at $4.89 on Tuesday. The stock has a market capitalization of $45.26 million, a PE ratio of 10.63 and a beta of 0.66. Manhattan Bridge Capital has a 12 month low of $2.54 and a 12 month high of $6.72. The business has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $5.01.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings data on Monday, April 13th. The credit services provider reported $0.11 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.11. The business had revenue of $1.71 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.40% and a net margin of 60.44%.

Several analysts recently commented on LOAN shares. ValuEngine upgraded Manhattan Bridge Capital from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Maxim Group reiterated a “buy” rating and set a $6.00 price target on shares of Manhattan Bridge Capital in a research report on Tuesday, April 21st.

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area.

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Dividend History for Manhattan Bridge Capital (NASDAQ:LOAN)

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