ArrowMark Financial Corp. (NASDAQ:BANX) Declares Monthly Dividend of $0.15

ArrowMark Financial Corp. (NASDAQ:BANX) announced a monthly dividend on Tuesday, July 14th. Shareholders of record on Friday, July 24th will be given a dividend of 0.15 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date is Friday, July 24th.

ArrowMark Financial Stock Up 0.2%

NASDAQ:BANX opened at $20.05 on Wednesday. ArrowMark Financial has a twelve month low of $18.45 and a twelve month high of $23.67. The business has a 50 day moving average price of $19.68 and a two-hundred day moving average price of $20.01.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. ArrowMark Colorado Holdings LLC increased its stake in ArrowMark Financial by 488.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 808,076 shares of the investment management company’s stock valued at $17,632,000 after buying an additional 670,749 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of ArrowMark Financial by 0.8% during the 3rd quarter. Raymond James Financial Inc. now owns 179,070 shares of the investment management company’s stock worth $3,925,000 after buying an additional 1,414 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of ArrowMark Financial by 1.5% in the 4th quarter. Stifel Financial Corp now owns 155,804 shares of the investment management company’s stock valued at $3,400,000 after acquiring an additional 2,281 shares in the last quarter. Noble Wealth Management PBC grew its holdings in shares of ArrowMark Financial by 0.8% in the 2nd quarter. Noble Wealth Management PBC now owns 107,197 shares of the investment management company’s stock valued at $2,096,000 after acquiring an additional 884 shares in the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new stake in shares of ArrowMark Financial in the fourth quarter valued at about $1,513,000. Institutional investors and hedge funds own 24.93% of the company’s stock.

About ArrowMark Financial

ArrowMark Financial Corporation (NASDAQ: BANX) is an asset management firm that provides investment advisory services and portfolio management solutions to institutional and individual clients. Headquartered in Minneapolis, with additional offices in Stamford, Connecticut, the company offers tailored separate-account management alongside a suite of sponsored investment products. Its advisory platform spans a broad range of equity, fixed‐income and multi‐asset strategies designed to meet diverse risk and return objectives.

Through its managed accounts business, ArrowMark delivers customized portfolio solutions covering traditional and alternative asset classes.