ArrowMark Financial Corp. (BANX) to Issue Quarterly Dividend of $0.45 on January 5th

ArrowMark Financial Corp. (NASDAQ:BANX) announced a quarterly dividend on Monday, December 15th. Shareholders of record on Friday, December 26th will be paid a dividend of 0.45 per share by the investment management company on Monday, January 5th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, December 26th.

ArrowMark Financial Trading Up 0.1%

BANX stock opened at $22.21 on Wednesday. ArrowMark Financial has a 1-year low of $17.99 and a 1-year high of $23.67. The stock has a 50-day moving average price of $21.54 and a 200-day moving average price of $21.16. The firm has a market cap of $158.36 million, a PE ratio of 48.28 and a beta of 0.19.

About ArrowMark Financial

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.