Dividend Worth Mentioning Today: Manhattan Bridge Capital, Inc (NASDAQ:LOAN) expected to pay $0.10 on Oct 17, 2016

Dividend Worth Mentioning Today: Manhattan Bridge Capital, Inc (NASDAQ:LOAN) expected to pay $0.10 on Oct 17, 2016

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) is expected to pay $0.10 on Oct 17, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Oct 6, 2016 will be eligible to receive the payout. Based on Manhattan Bridge Capital, Inc’s current price of $7.17, the dividend is 1.39%. This dividend’s record date is Oct 11, 2016 and the announcement date is Aug 2, 2016. The stock increased 4.06% or $0.28 on September 30, hitting $7.17. Manhattan Bridge Capital Inc. (NASDAQ:LOAN) has risen 76.98% since March 2, 2016 and is uptrending. It has outperformed by 68.72% the S&P500.

Manhattan Bridge Capital, Inc. is a real estate finance firm that specializes in originating, servicing and managing a portfolio of first mortgage loans. The company has a market cap of $59.45 million. The Firm offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. It has a 19.79 P/E ratio. The Company’s primary business objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term through dividends.

More notable recent Manhattan Bridge Capital Inc. (NASDAQ:LOAN) news were published by: Globenewswire.com which released: “Manhattan Bridge Capital, Inc. Announces Closing of Over-Allotment Option Shares” on August 31, 2016, also Seekingalpha.com with their article: “Manhattan Bridge Capital: What’s The Deal?” published on July 18, 2016, Marketwatch.com published: “Manhattan Bridge Capital Inc.” on December 21, 2009. More interesting news about Manhattan Bridge Capital Inc. (NASDAQ:LOAN) were released by: Zacks.com and their article: “Will Manhattan Bridge Capital (LOAN) Continue to Surge Higher?” published on September 28, 2016 as well as Globenewswire.com‘s news article titled: “Manhattan Bridge Capital, Inc. Announces Closing of Public Offering of Senior …” with publication date: April 25, 2016.

LOAN Company Profile

Manhattan Bridge Capital, Inc. (MBC), incorporated on February 22, 1999, is a real estate finance firm that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Firm offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. The Company’s primary business objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term through dividends. The Firm intends to achieve this objective by continuing to selectively originate, fund loans secured by first mortgages on residential real estate held for investment located in the New York metropolitan area, and to manage and service its portfolio in a manner designed to generate risk-adjusted returns across a range of market conditions and economic cycles.

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