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 given 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 of this dividend 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 Stock Down 0.2 %
ArrowMark Financial stock traded down $0.04 during midday 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 firm’s fifty day simple moving average is $19.72 and its 200-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.
About ArrowMark Financial
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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