Firm Capital Mortgage Investment Co. (FC) to Issue Monthly Dividend of $0.08 on May 15th

Firm Capital Mortgage Investment Co. (TSE:FC) announced a monthly dividend on Monday, April 29th, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.078 per share on Wednesday, May 15th. This represents a $0.94 annualized dividend and a dividend yield of 8.63%. The ex-dividend date is Monday, April 29th.

Firm Capital Mortgage Investment Stock Down 0.8 %

Shares of FC opened at C$10.84 on Friday. The stock has a market cap of C$373.87 million, a price-to-earnings ratio of 11.06 and a beta of 1.03. The company has a quick ratio of 17.11, a current ratio of 10.05 and a debt-to-equity ratio of 45.79. Firm Capital Mortgage Investment has a 12 month low of C$9.41 and a 12 month high of C$11.85. The company has a 50-day moving average price of C$11.36 and a two-hundred day moving average price of C$10.83.

Firm Capital Mortgage Investment (TSE:FC) last posted its quarterly earnings data on Wednesday, March 20th. The company reported C$0.24 earnings per share for the quarter. The company had revenue of C$18.11 million during the quarter. Firm Capital Mortgage Investment had a net margin of 73.49% and a return on equity of 8.56%. Equities analysts predict that Firm Capital Mortgage Investment will post 1.0301095 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TD Securities boosted their price objective on shares of Firm Capital Mortgage Investment from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Monday, March 25th.

Firm Capital Mortgage Investment Company Profile

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, invests in short-term residential and commercial real estate mortgage loans and real estate related debt investments in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments.