Manhattan Bridge Capital's latest quarterly dividend of $0.115 per share was on Apr 9, 2024 (ex-date). The annualized dividend distribution of $0.45 per share represents a current dividend yield of 9.02%. The latest LOAN payment of $0.115 marks a dividend growth of 2.2%.
LOAN has a dividend yield of 9.02% which is higher than the Real Estate sector average but lower than the industry average. In comparison with the Real Estate sector average of 6.52%, Manhattan Bridge Capital's dividend yield is 38% higher. The current dividend yield is in line with the historical average of 8.8% of the last 5 years.
Manhattan Bridge Capital has a dividend history dating as far as 2003, but lately the company has recorded 11 consecutive years of dividend payments. Our records of LOAN show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has decreased by 7% for the last twelve months. And with the price of the stock down by 2.1% from a year ago, the dividend yield has decreased by 5%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Apr 9, 2024 | Apr 15, 2024 | Feb 7, 2024 | $0.115 | normal |
| Dec 28, 2023 | Jan 16, 2024 | Nov 28, 2023 | $0.113 | normal |
| Oct 6, 2023 | Oct 16, 2023 | Jul 27, 2023 | $0.113 | normal |
| Jul 7, 2023 | Jul 17, 2023 | Apr 17, 2023 | $0.113 | normal |
| Apr 6, 2023 | Apr 17, 2023 | Mar 13, 2023 | $0.113 | normal |
| Dec 29, 2022 | Jan 17, 2023 | Dec 9, 2022 | $0.125 | normal |
| Oct 7, 2022 | Oct 17, 2022 | Jul 28, 2022 | $0.125 | normal |
| Jul 7, 2022 | Jul 15, 2022 | Apr 15, 2022 | $0.125 | normal |
| Apr 7, 2022 | Apr 15, 2022 | Feb 9, 2022 | $0.125 | normal |
| Dec 30, 2021 | Jan 18, 2022 | Nov 9, 2021 | $0.125 | normal |
| Oct 7, 2021 | Oct 15, 2021 | Jul 29, 2021 | $0.125 | normal |
| Jul 8, 2021 | Jul 15, 2021 | Apr 15, 2021 | $0.125 | normal |
| Apr 8, 2021 | Apr 15, 2021 | Feb 8, 2021 | $0.11 | normal |
| Dec 30, 2020 | Jan 15, 2021 | Oct 26, 2020 | $0.11 | normal |
| Oct 8, 2020 | Oct 15, 2020 | Jun 29, 2020 | $0.1 | normal |
| Jul 9, 2020 | Jul 15, 2020 | May 6, 2020 | $0.1 | normal |
| Apr 8, 2020 | Apr 15, 2020 | Feb 6, 2020 | $0.11 | normal |
| Dec 30, 2019 | Jan 15, 2020 | Oct 22, 2019 | $0.12 | normal |
| Oct 9, 2019 | Oct 15, 2019 | Jul 29, 2019 | $0.12 | normal |
| Jul 9, 2019 | Jul 15, 2019 | Apr 29, 2019 | $0.12 | normal |
| Apr 9, 2019 | Apr 15, 2019 | Feb 5, 2019 | $0.12 | normal |
| Dec 28, 2018 | Jan 15, 2019 | Oct 19, 2018 | $0.12 | normal |
| Oct 9, 2018 | Oct 15, 2018 | Jul 27, 2018 | $0.12 | normal |
| Jul 9, 2018 | Jul 16, 2018 | Apr 18, 2018 | $0.12 | normal |
| Apr 9, 2018 | Apr 16, 2018 | Feb 5, 2018 | $0.12 | normal |
| Dec 28, 2017 | Jan 15, 2018 | Oct 20, 2017 | $0.11 | normal |
| Oct 6, 2017 | Oct 16, 2017 | Aug 1, 2017 | $0.103 | normal |
| Jul 6, 2017 | Jul 17, 2017 | May 1, 2017 | $0.103 | normal |
| Apr 6, 2017 | Apr 17, 2017 | Feb 13, 2017 | $0.1 | normal |
| Dec 28, 2016 | Jan 17, 2017 | Nov 1, 2016 | $0.1 | normal |
| Oct 6, 2016 | Oct 17, 2016 | Aug 1, 2016 | $0.1 | normal |
LOAN has a payout ratio of 94.4% which is lower than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 137.9%, Manhattan Bridge Capital's payout ratio is 32% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| LOAN Manhattan Bridge Capital Inc | 8.92% | $0.45 | 94.4% |
| SLM SLM Corp | 2.08% | $0.44 | 18% |
| PFSI PennyMac Financial Services Inc | 0.91% | $0.8 | 27.7% |
Yes, Manhattan Bridge Capital has paid four dividends in the last twelve months. LOAN has been paying dividends since 2013.
LOAN's next dividend date is Jul 10, 2024 (ex-date).
Manhattan Bridge Capital's last regular dividend was on Apr 9, 2024 (ex-date) with the amount of $0.115 per share.
On an annual basis LOAN pays $0.45 per share.
Currently Manhattan Bridge Capital's dividend yield is 9.02%.
Manhattan Bridge Capital pays four dividends per year.
The dividend payout ratio of Manhattan Bridge Capital is 94.4%.
Manhattan Bridge Capital's dividend yield is higher than the Real Estate sector average.