AG Mortgage Investment Trust Inc (NYSE:MITT) to Issue $0.50 Quarterly Dividend

AG Mortgage Investment Trust Inc (NYSE:MITT) declared a quarterly dividend on Friday, June 14th, NASDAQ reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.50 per share by the real estate investment trust on Wednesday, July 31st. This represents a $2.00 annualized dividend and a dividend yield of 12.40%. The ex-dividend date is Thursday, June 27th.

AG Mortgage Investment Trust has decreased its dividend payment by an average of 6.7% annually over the last three years. AG Mortgage Investment Trust has a dividend payout ratio of 110.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shares of NYSE:MITT remained flat at $$16.13 during trading on Wednesday. 20,305 shares of the stock traded hands, compared to its average volume of 197,857. The company has a fifty day moving average price of $16.06. The company has a market cap of $526.63 million, a price-to-earnings ratio of 7.84 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.13 and a current ratio of 1.13. AG Mortgage Investment Trust has a 52 week low of $15.25 and a 52 week high of $19.60.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.05). AG Mortgage Investment Trust had a return on equity of 12.28% and a net margin of 14.17%. The business had revenue of $18.15 million during the quarter.

In other AG Mortgage Investment Trust news, CEO David N. Roberts acquired 50,000 shares of AG Mortgage Investment Trust stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of $16.53 per share, with a total value of $826,500.00. Following the completion of the purchase, the chief executive officer now directly owns 298,882 shares in the company, valued at approximately $4,940,519.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage-backed securities, other real estate-related securities, and financial assets in the United States. It operates through two segments, Securities and Loans, and Single-Family Rental Properties.

See Also: Cost of Equity

Dividend History for AG Mortgage Investment Trust (NYSE:MITT)

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