Manhattan Bridge Capital, Inc - Common Stock (LOAN)

GREAT NECK, N.Y., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on April 8, 2025. The dividend will be paid on April 15, 2025.

GREAT NECK, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on December 31, 2024. The dividend will be paid on January 15, 2025.

GREAT NECK, N.Y., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the “Company”) announced today that its net income for the three months ended September 30, 2024 was approximately $1,399,000, or $0.12 per basic and diluted share (based on approximately 11.4 million weighted-average outstanding common shares), as compared to approximately $1,446,000, or $0.13 per basic and diluted share (based on approximately 11.5 million weighted-average outstanding common shares), for the three months ended September 30, 2023, a decrease of $47,000, or 3.3%. This decrease is primarily attributable to a decrease in revenue, partially offset by a decrease in interest expense.

GREAT NECK, N.Y., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that, in accordance with the board approved dividend declared on July 29, 2024, a cash dividend of $0.115 per share will be paid to all shareholders of record on October 8, 2024. The dividend will be paid on October 15, 2024.

GREAT NECK, N.Y., July 29, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on October 8, 2024. The dividend will be paid on October 15, 2024.

GREAT NECK, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the “Company”) announced today that its total revenues for the three months ended June 30, 2024 were approximately $2,443,000 compared to approximately $2,399,000 for the three months ended June 30, 2023, an increase of $44,000, or 1.8%. The increase in revenue was due to higher interest rates charged on the Company’s commercial loans, partially offset by a reduction in loans receivable, period over period, and reduced origination fees, which were impacted by a slowdown in new loan originations. For the three months ended June 30, 2024 and 2023, approximately $2,033,000 and $1,943,000, respectively, of the Company’s revenues were attributable to interest income on secured commercial loans that the Company offers to real estate investors, and approximately $411,000 and $457,000, respectively, of its revenues were attributable to origination fees on such loans. The loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers.

GREAT NECK, N.Y., June 24, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that, in accordance with the board approved dividend declared on March 12, 2024, a cash dividend of $0.115 per share will be paid to all shareholders of record on July 10, 2024. The dividend will be paid on July 15, 2024.

GREAT NECK, N.Y., April 23, 2024 (GLOBE NEWSWIRE) --

GREAT NECK, N.Y., March 28, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that, in accordance with the board approved dividend declared on February 7, 2024, a cash dividend of $0.115 per share will be paid to all shareholders of record on April 10, 2024. The dividend will be paid on April 15, 2024.

GREAT NECK, N.Y., March 12, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on July 10, 2024. The dividend will be paid on July 15, 2024.

GREAT NECK, N.Y., March 11, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the “Company”) announced today that net income for the year ended December 31, 2023 was approximately $5,476,000, or $0.48 per share (based on approximately 11.5 million weighted-average outstanding common shares), versus approximately $5,212,000, or $0.45 per share (based on approximately 11.5 million weighted-average outstanding common shares) for the year ended December 31, 2022, an increase of $264,000, or 5.1%. This increase is primarily attributable to an increase in interest income from loans, partially offset by increases in interest expense and in general and administrative expenses.

Manhattan Bridge Capital, Inc. (NASDAQLOAN) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 2.44% on the day to $4.83.

GREAT NECK, N.Y., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on April 10, 2024. The dividend will be paid on April 15, 2024.

GREAT NECK, N.Y., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that, in accordance with the board approved dividend declared on November 28, 2023, a cash dividend of $0.1125 per share will be paid to all shareholders of record on December 29, 2023. The dividend will be paid on January 16, 2024.

GREAT NECK, N.Y., Nov. 28, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that its board of directors has declared a quarterly dividend of $0.1125 per share to be paid to all shareholders of record on December 29, 2023. The dividend will be paid on January 16, 2024.

GREAT NECK, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the “Company”) announced today that its net income for the three months ended September 30, 2023 was approximately $1,446,000, or $0.13 per basic and diluted share (based on approximately 11.5 million weighted-average outstanding common shares), as compared to approximately $1,237,000, or $0.11 per basic and diluted share (based on approximately 11.5 million weighted-average outstanding common shares), for the three months ended September 30, 2022, an increase of $209,000, or 16.9%. This increase is primarily attributable to an increase in interest income from loans, partially offset by an increase in interest expense.

GREAT NECK, N.Y,, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that, in accordance with the board approved dividend declared on July 27, 2023, a cash dividend of $0.1125 per share will be paid to all shareholders of record on October 10, 2023. The dividend will be paid on October 16, 2023.

GREAT NECK, N.Y., July 27, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that its board of directors has declared a quarterly dividend of $0.1125 per share to be paid to all shareholders of record on October 10, 2023. The dividend will be paid on October 16, 2023.

GREAT NECK, N.Y., July 20, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the “Company”) announced today that its total revenues for the three months ended June 30, 2023 were approximately $2,399,000 compared to approximately $2,117,000 for the three months ended June 30, 2022, an increase of $282,000, or 13.3%. The increase in revenues was due to higher interest rates charged on the Company’s commercial loans. For the three months ended June 30, 2023 and 2022, approximately $1,943,000 and $1,612,000, respectively, of the Company’s revenues were attributable to interest income on secured commercial loans that the Company offers to real estate investors, and approximately $457,000 and $504,000, respectively, of its revenues were attributable to origination fees on such loans. The loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers.

GREAT NECK, N.Y., June 21, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that, in accordance with the board approved dividend declared on April 17, 2023, a cash dividend of $0.1125 per share will be paid to all shareholders of record on July 10, 2023. The dividend will be paid on July 17, 2023.

GREAT NECK, N.Y., April 19, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) announced today that its net income for the three months ended March 31, 2023 was approximately $1,260,000, or $0.11 per share (based on approximately 11.5 million weighted-average outstanding common shares), compared to approximately $1,425,000 or $0.12 per share (based on approximately 11.5 million weighted-average outstanding common shares) for the three months ended March 31, 2022, a decrease of $165,000, or 11.6%. This decrease is primarily attributable to a significant increase in interest expense due to higher LIBOR/SOFR rates relating to the use of the Company’s credit line in order to support its ability to increase loan originations and a special bonus to officers in 2023, partially offset by the increase in interest income.

GREAT NECK, N.Y., April 17, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that its board of directors has declared a quarterly dividend of $0.1125 per share to be paid to all shareholders of record on July 10, 2023. The dividend will be paid on July 17, 2023.

GREAT NECK, N.Y., April 11, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) announced that its Board of Directors has authorized a common stock repurchase plan allowing the buyback of up to 100,000 common shares in market or off-market transactions at prevailing prices over the next twelve months.

GREAT NECK, N.Y., March 31, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQLOAN) announced today that, in accordance with the board approved dividend declared on March 13, 2023, a cash dividend of $0.1125 per share will be paid to all shareholders of record on April 10, 2023. The dividend will be paid on April 17, 2023.

GREAT NECK, N.Y., March 13, 2023 (GLOBE NEWSWIRE) -- Assaf Ran, Chairman of the Board and CEO, stated, “2022 was a good year for Manhattan Bridge Capital. We had a new net earnings record of over $5.2 million, and despite the uncertainty in the real estate market, we avoided losses and collection difficulties. However, the dramatic increase in our interest expense caused by a significant rate increase on our line of credit is a burden on our income from operations. Therefore, we believe that in order to preserve the company’s capital, and to increase shareholder value, a dividend of $0.1125 per share is what the company should pay for the first quarter of 2023. As the biggest shareholder of the company and a personal guarantor on the company’s line of credit, I moved and supported this decision,” added Mr. Ran.