ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) declared a monthly dividend on Friday, September 11th. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.15 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Wednesday, September 23rd.
ArrowMark Financial Stock Up 0.9%
Shares of BANX stock opened at $21.05 on Monday. The stock’s 50-day moving average is $20.52 and its two-hundred day moving average is $19.86. ArrowMark Financial has a 1 year low of $18.45 and a 1 year high of $23.67.
About ArrowMark Financial
ArrowMark Financial Corp. (NASDAQ: BANX) is a closed-end management investment company that has elected to be regulated as a business development company. The company seeks to generate current income and, to a lesser extent, long-term capital appreciation by investing in the securities of financial institutions and other specialty finance businesses.
ArrowMark Financial primarily invests in subordinated debt, preferred equity and common equity securities issued by community banks and other U.S.-based financial companies.
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