Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Plans Quarterly Dividend of $0.12

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) declared a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Investors of record on Tuesday, April 8th will be given a dividend of 0.115 per share by the credit services provider on Tuesday, April 15th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date is Tuesday, April 8th.

Manhattan Bridge Capital has decreased its dividend by an average of 1.8% per year over the last three years.

Manhattan Bridge Capital Price Performance

Shares of NASDAQ:LOAN traded down $0.01 during mid-day trading on Friday, reaching $5.72. 12,907 shares of the company were exchanged, compared to its average volume of 13,863. The firm has a market cap of $65.38 million, a price-to-earnings ratio of 11.66 and a beta of 0.55. The firm’s 50-day simple moving average is $5.57 and its 200 day simple moving average is $5.42. Manhattan Bridge Capital has a 1 year low of $4.60 and a 1 year high of $5.90.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Manhattan Bridge Capital in a report on Monday. They set a “strong-buy” rating on the stock.

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. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.