ArrowMark Financial Corp. (NASDAQ:BANX) Declares $0.40 Special Dividend

ArrowMark Financial Corp. (NASDAQ:BANX) announced a special dividend on Friday, September 12th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of 0.40 per share by the investment management company on Wednesday, December 10th. This represents a dividend yield of 810.0%. The ex-dividend date of this dividend is Wednesday, December 3rd.

ArrowMark Financial Price Performance

BANX stock opened at $21.83 on Monday. ArrowMark Financial has a 1 year low of $17.99 and a 1 year high of $23.67. The company has a market cap of $155.65 million, a P/E ratio of 47.46 and a beta of 0.19. The stock’s fifty day moving average price is $21.54 and its 200-day moving average price is $21.02.

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.