CYS Investments Inc (CYS) To Go Ex-Dividend on December 21st
CYS Investments Inc (NYSE:CYS) announced a quarterly dividend on Monday, December 11th, Wall Street Journal reports. Shareholders of record on Friday, December 22nd will be paid a dividend of 0.25 per share by the real estate investment trust on Thursday, December 27th. This represents a $1.00 annualized dividend and a yield of 12.32%. The ex-dividend date is Thursday, December 21st.
CYS Investments has decreased its dividend payment by an average of 8.5% per year over the last three years. CYS Investments has a dividend payout ratio of 94.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.
CYS Investments (NYSE:CYS) opened at $8.12 on Wednesday. CYS Investments has a twelve month low of $7.46 and a twelve month high of $8.98. The company has a market capitalization of $1,295.88, a price-to-earnings ratio of 8.12 and a beta of 0.62.
Separately, Keefe, Bruyette & Woods restated a “hold” rating and set a $8.50 target price on shares of CYS Investments in a research report on Thursday, September 14th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. CYS Investments currently has an average rating of “Hold” and an average price target of $8.25.
COPYRIGHT VIOLATION WARNING: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/20/cys-investments-inc-cys-to-go-ex-dividend-on-december-21st.html.
CYS Investments Company Profile
CYS Investments, Inc is a specialty finance company. The Company’s objective is to provide consistent returns to its investors through a combination of dividends and capital appreciation. It invests in agency residential mortgage-backed security (RMBS) collateralized by fixed rate single-family residential mortgage loans; adjustable-rate mortgages (ARMs), which have coupon rates that reset monthly, or hybrid ARMs, which have a coupon rate that is fixed for an initial period.
Receive News & Ratings for CYS Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CYS Investments and related companies with MarketBeat.com's FREE daily email newsletter.