ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) announced a quarterly dividend on Friday, June 14th, Zacks reports. Shareholders of record on Monday, June 24th will be paid a dividend of 0.45 per share by the investment management company on Friday, June 28th. This represents a $1.80 dividend on an annualized basis and a yield of 9.55%. The ex-dividend date is Monday, June 24th.
ArrowMark Financial has increased its dividend payment by an average of 11.4% per year over the last three years.
ArrowMark Financial Stock Performance
BANX stock opened at $18.84 on Friday. The company’s 50 day moving average price is $18.36 and its 200 day moving average price is $18.39. ArrowMark Financial has a fifty-two week low of $16.00 and a fifty-two week high of $19.50.
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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