Five Oaks Investment Corp. to Issue Monthly Dividend of $0.05 (OAKS)
Five Oaks Investment Corp. (NYSE:OAKS) declared a monthly dividend on Monday, September 18th, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be paid a dividend of 0.05 per share by the real estate investment trust on Monday, October 30th. This represents a $0.60 annualized dividend and a dividend yield of 14.02%. The ex-dividend date of this dividend is Friday, October 13th.
Five Oaks Investment Corp. has decreased its dividend by an average of 18.0% annually over the last three years.
Shares of Five Oaks Investment Corp. (NYSE:OAKS) opened at 4.28 on Tuesday. The company has a market capitalization of $94.75 million, a P/E ratio of 7.28 and a beta of 1.32. Five Oaks Investment Corp. has a 12-month low of $3.80 and a 12-month high of $6.15. The company’s 50 day moving average is $4.33 and its 200 day moving average is $4.93.
Five Oaks Investment Corp. Company Profile
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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