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| Reminder - Manhattan Bridge Capital (LOAN) Goes Ex-Dividend SoonBy Dividend Channel Staff, Tuesday, December 26, 10:07 AM ET
On 12/28/23, Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) will trade ex-dividend, for its quarterly dividend of $0.1125, payable on 1/16/24. As a percentage of LOAN's recent stock price of $4.80, this dividend works out to approximately 2.34%, so look for shares of Manhattan Bridge Capital, Inc. to trade 2.34% lower — all else being equal — when LOAN shares open for trading on 12/28/23. Below is a dividend history chart for LOAN, showing historical dividends prior to the most recent $0.1125 declared by Manhattan Bridge Capital, Inc.: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from LOAN is likely to continue, and whether the current estimated yield of 9.38% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of LOAN shares, versus its 200 day moving average:
Looking at the chart above, LOAN's low point in its 52 week range is $4.27 per share, with $5.91 as the 52 week high point — that compares with a last trade of $4.88. Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Tuesday trading, Manhattan Bridge Capital, Inc. shares are currently off about 1.2% on the day.
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