ArrowMark Financial Corp. (NASDAQ:BANX) Announces Quarterly Dividend of $0.45

ArrowMark Financial Corp. (NASDAQ:BANX) declared a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Shareholders of record on Thursday, December 26th will be given a dividend of 0.45 per share by the investment management company on Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date is Thursday, December 26th.

ArrowMark Financial has increased its dividend by an average of 11.4% annually over the last three years.

ArrowMark Financial Stock Down 0.3 %

Shares of NASDAQ:BANX traded down $0.07 during trading on Friday, hitting $20.87. 10,355 shares of the company’s stock were exchanged, compared to its average volume of 18,862. The firm has a 50-day moving average price of $20.55 and a two-hundred day moving average price of $19.75. ArrowMark Financial has a 1-year low of $17.04 and a 1-year high of $21.67.

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.