Great Ajax Corp (NYSE:AJX) announced a quarterly dividend on Monday, July 22nd, NASDAQ reports. Shareholders of record on Monday, August 19th will be paid a dividend of 0.32 per share by the real estate investment trust on Friday, August 30th. This represents a $1.28 annualized dividend and a yield of 8.81%. The ex-dividend date is Friday, August 16th.

Great Ajax has raised its dividend by an average of 24.0% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Great Ajax has a payout ratio of 79.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Great Ajax to earn $1.73 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 74.0%.

Great Ajax stock traded down $0.29 during mid-day trading on Wednesday, hitting $14.53. 667 shares of the company’s stock traded hands, compared to its average volume of 60,848. The company has a 50 day moving average price of $13.86. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.27 and a current ratio of 2.27. The firm has a market cap of $284.79 million, a P/E ratio of 9.99 and a beta of 0.81. Great Ajax has a one year low of $11.56 and a one year high of $14.84.

Great Ajax (NYSE:AJX) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.09). The business had revenue of $20.70 million for the quarter, compared to the consensus estimate of $14.90 million. Great Ajax had a net margin of 51.93% and a return on equity of 8.05%. Sell-side analysts forecast that Great Ajax will post 1.59 earnings per share for the current year.

AJX has been the topic of a number of research reports. Zacks Investment Research raised Great Ajax from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Friday, August 9th. Piper Jaffray Companies set a $15.00 price objective on Great Ajax and gave the stock a “buy” rating in a research note on Wednesday, August 7th.

About Great Ajax

Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.

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Dividend History for Great Ajax (NYSE:AJX)

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