Arlington Asset Investment Corp (NYSE:AI) declared a quarterly dividend on Friday, March 16th, Wall Street Journal reports. Stockholders of record on Thursday, March 29th will be paid a dividend of 0.55 per share by the financial services provider on Monday, April 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 18.68%. The ex-dividend date of this dividend is Wednesday, March 28th.
Arlington Asset Investment has decreased its dividend payment by an average of 12.4% per year over the last three years. Arlington Asset Investment has a dividend payout ratio of 360.7% 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 Arlington Asset Investment (NYSE:AI) traded up $0.19 during midday trading on Friday, hitting $11.78. The stock had a trading volume of 705,556 shares, compared to its average volume of 566,684. The company has a market capitalization of $332.33, a price-to-earnings ratio of 20.31 and a beta of 0.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.03 and a current ratio of 1.12. Arlington Asset Investment has a one year low of $9.90 and a one year high of $15.17.
Arlington Asset Investment (NYSE:AI) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.38. The company had revenue of $15.66 million for the quarter, compared to analyst estimates of $18.14 million. Arlington Asset Investment had a return on equity of 4.68% and a net margin of 14.42%.
A number of brokerages have recently weighed in on AI. ValuEngine upgraded Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. B. Riley lowered their target price on Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Finally, Zacks Investment Research upgraded Arlington Asset Investment from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research note on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.45.
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Arlington Asset Investment Company Profile
Arlington Asset Investment Corp. is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
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