Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Plans $0.32 Quarterly Dividend

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 22nd will be paid a dividend of 0.32 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 14.7%. The ex-dividend date of this dividend is Friday, May 22nd.

Angel Oak Mortgage REIT has a dividend payout ratio of 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Angel Oak Mortgage REIT to earn $1.32 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 97.0%.

Angel Oak Mortgage REIT Price Performance

Shares of Angel Oak Mortgage REIT stock opened at $8.70 on Wednesday. The company has a debt-to-equity ratio of 7.49, a quick ratio of 10.95 and a current ratio of 10.95. The stock’s fifty day moving average is $8.57 and its 200 day moving average is $8.78. The stock has a market cap of $216.69 million, a P/E ratio of 4.80 and a beta of 1.32. Angel Oak Mortgage REIT has a one year low of $7.96 and a one year high of $10.34.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $16.70 million for the quarter, compared to analysts’ expectations of $11.33 million. Angel Oak Mortgage REIT had a return on equity of 5.15% and a net margin of 30.65%. Sell-side analysts anticipate that Angel Oak Mortgage REIT will post 1.22 earnings per share for the current year.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.