Five Oaks Investment Corp. (OAKS) To Go Ex-Dividend on September 14th
Five Oaks Investment Corp. (NYSE:OAKS) declared a monthly dividend on Wednesday, June 14th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.05 per share by the real estate investment trust on Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 13.95%. The ex-dividend date of this dividend is Thursday, September 14th.
Five Oaks Investment Corp. has decreased its dividend payment by an average of 18.0% per year over the last three years.
Five Oaks Investment Corp. (NYSE:OAKS) opened at 4.30 on Wednesday. The firm’s 50-day moving average is $4.42 and its 200-day moving average is $4.97. The firm has a market cap of $95.20 million, a price-to-earnings ratio of 7.31 and a beta of 1.32. Five Oaks Investment Corp. has a 52-week low of $3.80 and a 52-week high of $6.15.
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In other Five Oaks Investment Corp. news, CEO David C. Carroll acquired 10,000 shares of the company’s stock in a transaction on Friday, June 16th. The stock was acquired at an average price of $4.67 per share, for a total transaction of $46,700.00. Following the purchase, the chief executive officer now directly owns 65,384 shares of the company’s stock, valued at $305,343.28. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.92% of the stock is owned by insiders.
About Five Oaks Investment Corp.
Five Oaks Investment Corp. is a real estate investment trust. The Company is focused on investing on a leveraged basis in mortgage and other real estate-related assets, particularly residential mortgage loans and mortgage-backed securities (MBS). The Company invests in various assets, such as Agency residential MBS (RMBS); securitizations backed by multi-family mortgage loans, or Multi-Family MBS; residential mortgage loans and other mortgage-related investments, including mortgage servicing rights (MSRs), and Non-Agency RMBS.
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