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

ArrowMark Financial Corp. (NASDAQ:BANXGet Free Report) announced a monthly dividend on Friday, January 23rd. Shareholders of record on Tuesday, February 3rd will be given a dividend of 0.15 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, February 3rd.

ArrowMark Financial Stock Up 0.2%

NASDAQ:BANX opened at $21.23 on Friday. The company has a 50 day moving average price of $21.76 and a 200-day moving average price of $21.41. ArrowMark Financial has a 1-year low of $17.99 and a 1-year high of $23.67.

Institutional Investors Weigh In On ArrowMark Financial

Several hedge funds have recently modified their holdings of BANX. Marshall Wace LLP purchased a new position in shares of ArrowMark Financial in the 2nd quarter valued at about $386,000. Everstar Asset Management LLC boosted its position in ArrowMark Financial by 68.7% during the second quarter. Everstar Asset Management LLC now owns 40,422 shares of the investment management company’s stock worth $846,000 after purchasing an additional 16,457 shares in the last quarter. Accurate Wealth Management LLC acquired a new stake in ArrowMark Financial in the third quarter valued at approximately $311,000. Private Advisor Group LLC purchased a new stake in shares of ArrowMark Financial in the third quarter valued at approximately $205,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of ArrowMark Financial in the third quarter valued at approximately $204,000. 24.93% of the stock is owned by hedge funds and other institutional investors.

About ArrowMark Financial

(Get Free Report)

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.

Further Reading

Dividend History for ArrowMark Financial (NASDAQ:BANX)

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