ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) declared a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Thursday, September 26th will be given a dividend of 0.45 per share by the investment management company on Monday, September 30th. This represents a $1.80 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date of this dividend 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 %
Shares of BANX traded down $0.04 during mid-day trading on Wednesday, hitting $20.42. The company’s stock had a trading volume of 2,242 shares, compared to its average volume of 16,894. ArrowMark Financial has a one year low of $16.28 and a one year high of $20.75. The stock’s 50-day moving average is $19.72 and its two-hundred day moving average is $18.95.
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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