Manhattan Bridge Capital Inc(NASDAQ:LOAN) recently announced a dividend of $0.11 per share, payable on 2023-10-16, with the ex-dividend date set for 2023-10-06. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's deep dive into Manhattan Bridge Capital Inc's dividend performance and assess its sustainability.
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Price action over last quarter: Up 29.55%
Company Description
Manhattan Bridge Capital Inc operates as a real estate investment trust that specializes in originating, servicing and managing a portfolio of first mortgage loans. It offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. The primary business objective of the company is to grow its loan portfolio while protecting and preserving capital in a manner that provides for attractive risk-adjusted returns to its shareholders over the long-term through dividends. The company generates revenue in the form of interest income from loans.