ArrowMark Financial Corp. (BANX) to Issue Special Dividend of $0.10 on January 30th

ArrowMark Financial Corp. (NASDAQ:BANX) declared a special dividend on Friday, December 12th. Investors of record on Thursday, January 22nd will be paid a dividend of 0.10 per share by the investment management company on Friday, January 30th. This represents a yield of 817.0%. The ex-dividend date of this dividend is Thursday, January 22nd.

ArrowMark Financial Trading Up 0.5%

ArrowMark Financial stock opened at $21.34 on Tuesday. ArrowMark Financial has a 12-month low of $17.99 and a 12-month high of $23.67. The firm has a 50 day simple moving average of $21.76 and a 200-day simple moving average of $21.39.

Institutional Investors Weigh In On ArrowMark Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Noble Wealth Management PBC grew its stake in shares of ArrowMark Financial by 3.9% in the 4th quarter. Noble Wealth Management PBC now owns 80,711 shares of the investment management company’s stock worth $1,761,000 after purchasing an additional 3,032 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of ArrowMark Financial by 0.8% during the 3rd quarter. Raymond James Financial Inc. now owns 179,070 shares of the investment management company’s stock valued at $3,925,000 after acquiring an additional 1,414 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of ArrowMark Financial during the 3rd quarter worth $205,000. Oppenheimer & Co. Inc. boosted its stake in shares of ArrowMark Financial by 39.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,293 shares of the investment management company’s stock worth $489,000 after acquiring an additional 6,284 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in shares of ArrowMark Financial in the 3rd quarter worth $204,000. 24.93% of the stock is owned by institutional investors and hedge funds.

About ArrowMark Financial

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.