Cash Dividend On The Way From Manhattan Bridge Capital (LOAN)

Looking at the universe of stocks we cover at Dividend Channel, on 8/13/13, Manhattan Bridge Capital, Inc. (LOAN) will trade ex-dividend, for its quarterly dividend of $0.01, payable on 8/20/13. As a percentage of LOAN's recent stock price of $1.69, this dividend works out to approximately 0.59%, so look for shares of Manhattan Bridge Capital, Inc. to trade 0.59% lower — all else being equal — when LOAN shares open for trading on 8/13/13.

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Below is a dividend history chart for LOAN, showing historical dividends prior to the most recent $0.01 declared by Manhattan Bridge Capital, Inc.:

LOAN+Dividend+History+Chart

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 2.37% 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:

Manhattan Bridge Capital, Inc. 200 Day Moving Average Chart

Looking at the chart above, LOAN's low point in its 52 week range is $0.87 per share, with $1.74 as the 52 week high point — that compares with a last trade of $1.69.

In Friday trading, Manhattan Bridge Capital, Inc. shares are currently trading flat on the day.

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