ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) announced a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date is Thursday, September 26th.
ArrowMark Financial has increased its dividend payment by an average of 11.4% per year over the last three years.
ArrowMark Financial Trading Up 0.5 %
Shares of BANX stock opened at $21.34 on Tuesday. ArrowMark Financial has a 52-week low of $16.28 and a 52-week high of $21.67. The business’s fifty day moving average is $19.89 and its 200 day moving average is $19.01.
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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