Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida. The company's loans are primarily secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Manhattan Bridge Capital, Inc. was founded in 1989 and is headquartered in Great Neck, New York.
Manhattan Bridge Capital Dividend Announcement
• Manhattan Bridge Capital announced a quarterly dividend of $0.12 per ordinary share which will be made payable on 2025-01-15. Ex dividend date: 2024-12-31
• Manhattan Bridge Capital annual dividend for 2024 was $0.46
• Manhattan Bridge Capital annual dividend for 2023 was $0.45
• Manhattan Bridge Capital's trailing twelve-month (TTM) dividend yield is 8.32%
• Manhattan Bridge Capital's payout ratio for the trailing twelve months (TTM) is 92.43%
• Manhattan Bridge Capital's dividend growth over the last five years (2018-2023) was -1.28% year
• Manhattan Bridge Capital's dividend growth over the last ten years (2013-2023) was 31.10% year
Manhattan Bridge Capital Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-31 | $0.12 | quarterly | 2025-01-15 |
2024-10-08 | $0.12 | quarterly | 2024-10-15 |
2024-07-10 | $0.12 | quarterly | 2024-07-15 |
2024-04-09 | $0.12 | quarterly | 2024-04-15 |
2023-12-28 | $0.11 | quarterly | 2024-01-16 |
2023-10-06 | $0.11 | quarterly | 2023-10-16 |
2023-07-07 | $0.11 | quarterly | 2023-07-17 |
2023-04-06 | $0.11 | quarterly | 2023-04-17 |
2022-12-29 | $0.12 | quarterly | 2023-01-17 |
2022-10-07 | $0.12 | quarterly | 2022-10-17 |
2022-07-07 | $0.12 | quarterly | 2022-07-15 |
2022-04-07 | $0.12 | quarterly | 2022-04-15 |
2021-12-30 | $0.12 | quarterly | 2022-01-18 |
2021-10-07 | $0.12 | quarterly | 2021-10-15 |
2021-07-08 | $0.12 | quarterly | 2021-07-15 |
2021-04-08 | $0.11 | quarterly | 2021-04-15 |
2020-12-30 | $0.11 | quarterly | 2021-01-15 |
2020-10-08 | $0.10 | quarterly | 2020-10-15 |
2020-07-09 | $0.10 | quarterly | 2020-07-15 |
2020-04-08 | $0.11 | quarterly | 2020-04-15 |
2019-12-30 | $0.12 | quarterly | 2020-01-15 |
2019-10-09 | $0.12 | quarterly | 2019-10-15 |
2019-07-09 | $0.12 | quarterly | 2019-07-15 |
2019-04-09 | $0.12 | quarterly | 2019-04-15 |
2018-12-28 | $0.12 | quarterly | 2019-01-15 |
2018-10-09 | $0.12 | quarterly | 2018-10-15 |
2018-07-09 | $0.12 | quarterly | 2018-07-16 |
2018-04-09 | $0.12 | quarterly | 2018-04-16 |
2017-12-28 | $0.11 | quarterly | 2018-01-15 |
2017-10-06 | $0.10 | quarterly | 2017-10-16 |
2017-07-06 | $0.10 | quarterly | 2017-07-17 |
2017-04-06 | $0.10 | quarterly | 2017-04-17 |
2016-12-28 | $0.10 | quarterly | 2017-01-17 |
2016-10-06 | $0.10 | quarterly | 2016-10-17 |
2016-07-06 | $0.09 | quarterly | 2016-07-15 |
2016-04-06 | $0.09 | quarterly | 2016-04-15 |
2015-12-29 | $0.09 | quarterly | 2016-01-15 |
2015-10-07 | $0.08 | quarterly | 2015-10-15 |
2015-07-08 | $0.08 | quarterly | 2015-07-15 |
2015-04-08 | $0.08 | quarterly | 2015-04-15 |
2015-02-11 | $0.02 | quarterly | 2015-02-20 |
2015-01-07 | $0.08 | quarterly | 2015-01-15 |
2014-11-12 | $0.02 | quarterly | 2014-11-20 |
2014-10-08 | $0.07 | quarterly | 2014-10-15 |
2014-08-13 | $0.02 | quarterly | 2014-08-20 |
2014-07-08 | $0.07 | quarterly | 2014-07-15 |
2014-05-13 | $0.02 | quarterly | 2014-05-20 |
2014-02-12 | $0.01 | quarterly | 2014-02-20 |
2013-11-13 | $0.01 | quarterly | 2013-11-20 |
2013-08-13 | $0.01 | quarterly | 2013-08-20 |
2013-05-13 | $0.01 | quarterly | 2013-05-20 |
Manhattan Bridge Capital Dividend per year
Manhattan Bridge Capital Dividend growth
Manhattan Bridge Capital Dividend Yield
Manhattan Bridge Capital current trailing twelve-month (TTM) dividend yield is 8.32%. Interested in purchasing Manhattan Bridge Capital stock? Use our calculator to estimate your expected dividend yield:
Manhattan Bridge Capital Financial Ratios
Manhattan Bridge Capital Dividend FAQ
Other factors to consider when evaluating Manhattan Bridge Capital as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Manhattan Bridge Capital's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Manhattan Bridge Capital publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Manhattan Bridge Capital distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Manhattan Bridge Capital are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Manhattan Bridge Capital sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Manhattan Bridge Capital distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Manhattan Bridge Capital declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Manhattan Bridge Capital's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Manhattan Bridge Capital's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.