ArrowMark Financial Corp. (NASDAQ:BANX) Announces Quarterly Dividend of $0.45

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 paid a dividend of 0.45 per share by the investment management company on Thursday, March 27th. This represents a $1.80 dividend on an annualized basis 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. The firm’s fifty day moving average is $21.06 and its two-hundred day moving average is $20.80. ArrowMark Financial has a 52-week low of $17.91 and a 52-week high of $21.67.

Insider Buying and Selling at ArrowMark Financial

In other news, Director John Scott Emrich sold 2,500 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $21.28, for a total value of $53,200.00. Following the sale, the director now directly owns 6,225 shares in the company, valued at $132,468. The trade was a 28.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.53% of the stock is currently owned by insiders.

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.