Thursday Is Your Last Chance To Buy Manhattan Bridge Capital Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Manhattan Bridge Capital (NASDAQ:LOAN) has announced a quarterly dividend of 11.25 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 11.25 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 16, 2023.
October 03, 2023 | 2:45 pm
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Manhattan Bridge Capital's announcement of a quarterly dividend of 11.25 cents per share may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could be an attractive opportunity for dividend investors.
When a stock goes ex-dividend, it typically opens lower to reflect the payout, which could lead to a short-term decrease in Manhattan Bridge Capital's stock price. However, the announcement of a dividend payout could attract dividend investors, potentially leading to increased demand for the stock in the long term.
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