ArrowMark Financial Corp. (NASDAQ:BANX) Announces $0.45 Quarterly Dividend

ArrowMark Financial Corp. (NASDAQ:BANX) declared a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Thursday, September 26th will be given a dividend of 0.45 per share by the investment management company on Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date of this dividend is Thursday, September 26th.

ArrowMark Financial has increased its dividend by an average of 11.4% annually over the last three years.

ArrowMark Financial Trading Down 0.2 %

Shares of ArrowMark Financial stock traded down $0.04 on Wednesday, reaching $20.42. 2,242 shares of the company were exchanged, compared to its average volume of 16,897. ArrowMark Financial has a one year low of $16.28 and a one year high of $20.75. The company has a 50-day moving average of $19.72 and a 200 day moving average of $18.95.

About ArrowMark Financial

ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization.