Manhattan Bridge Capital Increases Their Dividend by 13.6% in 2021 | MoreDividends.com

Manhattan Bridge Capital Increases Their Dividend by 13.6% in 2021


manhattan-bridge-capital-inc-logo 2

Dividend Increase Announcement

On April 15th, Manhattan Bridge Capital announced a dividend increase of 13.6%. This will increase their dividend per quarter from $0.11 to $0.125. It is payable on July 15th for shareholders of record on July 9th. The new quarterly dividend represents an annualized dividend amount of $0.50 per share as compared to the current annualized dividend amount of $0.44 per share.

Manhattan Bridge Capital Dividend Information

Annual Dividend: $0.50
Dividend Yield: 8.58%
Dividend Growth History: 1 years

Dividend Increase Effect On More Dividends

I am currently holding 6.448 shares of Manhattan Bridge Capital in the More Dividends portfolio. With this 13.6% increase, it will add an additional $0.38 to my projected annual dividend income and this doesn’t even take into account the compounding factor!

Conclusion

Manhattan Bridge Capital is actually the first company that I ever bought stock in. Sadly, it is also the first stock that I ever sold.

When I originally started the position, it paid a nice dividend and the feds interest rates were low. Once they started increasing the interest rates, I got scared and decided to recoup my initial investment and to leave the houses money on the table to play with.

Here we are now a few years later and I am still holding onto those few shares and have been allowing the dividend to compound.

Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉

Do you currently hold any stock in Manhattan Bridge Capital? What do you think of this dividend increase? Just let me know in the comments.

I know that it is way late but look for my March Dividend Income report to be published in the next couple of days.

As always I look forward to reading all of your comments and questions, until then….. happy investing!

-Jason from MoreDividends.com





Be sure and follow me on your favorite social media platform:
MoreDividendsdotcom on Facebook
@MoreDividends on Twitter

If you would like to receive an email whenever I publish a new article:

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge