LM Funding America Inc
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Financials : Diversified Financial Services | Small Cap Blend
Company profile

LM Funding America, Inc. is a specialty finance company. The Company provides funding to nonprofit community associations primarily located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. It offers incorporated nonprofit community associations (Associations), a range of financial products customized to each Association's financial needs. Its products include Original Product and New Neighbor Guaranty. Its Original Product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. The Company offers the New Neighbor Guaranty, wherein an Association assigns its indebtedness and accruals on its delinquent units to it in exchange for payments in an amount equal to the regular ongoing monthly or quarterly assessments for delinquent units when those amounts would be due to the Association.

Premarket

Last Trade
Delayed
$0.66
0.0464 (7.56%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$0.6136
Day's Change
0.00 (0.00%)
Bid close
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Ask close
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
242,368

10-day average volume:
900,191
242,368

Microsoft stock bounce paces the Dow' s gainers, as Morgan Stanley sees dividend hike coming

1:05 pm ET September 9, 2020 (MarketWatch)
Print

Shares of Microsoft Corp. (MSFT) surged 5.3% in midday trading Wednesday, enough to pace the Dow Jones Industrial Average's gainers, after a bullish call from Morgan Stanley analyst Keith Weiss, who said he sees potential for a dividend hike in the coming weeks. The software giant's stock is set to snap a 3-day losing streak in which it dropped 12.5% from its Sept. 2 record close of $231.65. Morgan Stanley's Weiss reiterated his overweight rating and $245 stock price target. Weiss said Microsoft historically announces dividend increases in mid-September, and he sees potential for a 10+% increase, which would lead to the implied dividend yield returning to more than 1%. "Combined with mid-teens EPS growth, the supports [Microsoft's] premium total return profile, a durable and attractive level in uncertain times," Weiss wrote in a note to clients. The dividend yield at current prices is 0.96%, compared with the implied yield for the S&P 500 of 1.65%, according to FactSet. The stock has run up 35.3% year to date, while the Dow has slipped 1.6%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 09, 2020 13:05 ET (17:05 GMT)

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