ArrowMark Financial Corp. (BANX) To Go Ex-Dividend on March 20th

ArrowMark Financial Corp. (NASDAQ:BANX) announced a quarterly dividend on Wednesday, March 5th, Wall Street Journal reports. Shareholders of record on Thursday, March 20th will be given a dividend of 0.45 per share by the investment management company on Thursday, March 27th. This represents a $1.80 annualized dividend and a yield of 8.51%. The ex-dividend date of this dividend is Thursday, March 20th.

ArrowMark Financial has raised its dividend payment by an average of 5.8% annually over the last three years.

ArrowMark Financial Trading Up 0.3 %

Shares of NASDAQ:BANX opened at $21.14 on Tuesday. ArrowMark Financial has a 1 year low of $17.91 and a 1 year high of $21.67. The stock has a 50-day simple moving average of $21.06 and a 200-day simple moving average of $20.80.

Insider Transactions at ArrowMark Financial

In related news, Director John Scott Emrich sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $21.28, for a total transaction of $53,200.00. Following the transaction, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $132,468. The trade was a 28.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.53% of the company’s stock.

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.