ArrowMark Financial Corp. Declares Monthly Dividend of $0.15 (NASDAQ:BANX)

ArrowMark Financial Corp. (NASDAQ:BANX) announced a monthly dividend on Friday, June 12th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.15 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Tuesday, June 23rd.

ArrowMark Financial Price Performance

NASDAQ:BANX traded down $0.03 during midday trading on Friday, hitting $19.38. 22,585 shares of the stock were exchanged, compared to its average volume of 52,677. ArrowMark Financial has a one year low of $18.45 and a one year high of $23.67. The business has a 50-day moving average price of $19.61 and a two-hundred day moving average price of $20.38.

ArrowMark Financial Company Profile

ArrowMark Financial Corporation (NASDAQ: BANX) is an asset management firm that provides investment advisory services and portfolio management solutions to institutional and individual clients. Headquartered in Minneapolis, with additional offices in Stamford, Connecticut, the company offers tailored separate-account management alongside a suite of sponsored investment products. Its advisory platform spans a broad range of equity, fixed‐income and multi‐asset strategies designed to meet diverse risk and return objectives.

Through its managed accounts business, ArrowMark delivers customized portfolio solutions covering traditional and alternative asset classes.