Looking at the universe of stocks we cover at Dividend Channel, on 5/13/13, Manhattan Bridge Capital, Inc. (LOAN) will trade ex-dividend, for its quarterly dividend of $0.01, payable on 5/20/13. As a percentage of LOAN's recent stock price of $1.43, this dividend works out to approximately 0.70%, so look for shares of Manhattan Bridge Capital, Inc. to trade 0.70% lower — all else being equal — when LOAN shares open for trading on 5/13/13.
Below is a dividend history chart for LOAN, showing historical dividends prior to the most recent $0.01 declared by Manhattan Bridge Capital, Inc.:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from LOAN is likely to continue, and whether the current estimated yield of 2.80% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of LOAN shares, versus its 200 day moving average:Looking at the chart above, LOAN's low point in its 52 week range is $0.84 per share, with $1.50 as the 52 week high point — that compares with a last trade of $1.43.
In Thursday trading, Manhattan Bridge Capital, Inc. shares are currently up about 2.1% on the day.