Adamas Trust, Inc. (NASDAQ:ADAM) Plans $0.23 Quarterly Dividend

Adamas Trust, Inc. (NASDAQ:ADAM) declared a quarterly dividend on Thursday, March 19th. Investors of record on Monday, March 30th will be paid a dividend of 0.23 per share on Tuesday, April 28th. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date is Monday, March 30th.

Adamas Trust Trading Up 0.1%

ADAM opened at $7.90 on Friday. The business has a 50 day simple moving average of $8.15. The company has a debt-to-equity ratio of 12.03, a quick ratio of 14.17 and a current ratio of 14.16. The stock has a market capitalization of $714.71 million, a P/E ratio of 7.18 and a beta of 1.09. Adamas Trust has a 12-month low of $5.01 and a 12-month high of $8.76.

Adamas Trust (NASDAQ:ADAM) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $160.00 million during the quarter. Adamas Trust had a return on equity of 13.52% and a net margin of 24.76%.

Adamas Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.