ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) announced a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Thursday, September 26th will be paid a dividend of 0.45 per share by the investment management company on Monday, September 30th. This represents a $1.80 annualized dividend and a dividend yield of 8.81%. The ex-dividend date is Thursday, September 26th.
ArrowMark Financial has raised its dividend by an average of 11.4% per year over the last three years.
ArrowMark Financial Stock Down 0.2 %
NASDAQ:BANX traded down $0.04 during mid-day trading on Wednesday, reaching $20.42. The stock had a trading volume of 2,242 shares, compared to its average volume of 16,897. The stock’s 50 day simple moving average is $19.72 and its two-hundred day simple moving average is $18.95. ArrowMark Financial has a 1-year low of $16.28 and a 1-year high of $20.75.
ArrowMark Financial Company Profile
ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization.
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