Firm Capital Mortgage Investment Co. (TSE:FC) to Issue $0.08 Monthly Dividend

Firm Capital Mortgage Investment Co. (TSE:FC) declared a monthly dividend on Monday, April 29th, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.078 per share on Wednesday, May 15th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date of this dividend is Monday, April 29th.

Firm Capital Mortgage Investment Stock Performance

Shares of TSE:FC traded down C$0.09 during trading on Friday, reaching C$10.84. The company had a trading volume of 44,342 shares, compared to its average volume of 23,197. The firm has a market capitalization of C$373.87 million, a price-to-earnings ratio of 11.06 and a beta of 1.03. The company has a debt-to-equity ratio of 45.79, a current ratio of 10.05 and a quick ratio of 17.11. The stock’s fifty day moving average price is C$11.36 and its 200 day moving average price is C$10.83. Firm Capital Mortgage Investment has a fifty-two week low of C$9.41 and a fifty-two week high of C$11.85.

Firm Capital Mortgage Investment (TSE:FC) last released its earnings results on Wednesday, March 20th. The company reported C$0.24 earnings per share (EPS) for the quarter. Firm Capital Mortgage Investment had a return on equity of 8.56% and a net margin of 73.49%. The business had revenue of C$18.11 million for the quarter. As a group, equities research analysts predict that Firm Capital Mortgage Investment will post 1.0301095 EPS for the current year.

Analysts Set New Price Targets

Separately, TD Securities upped their price objective on Firm Capital Mortgage Investment from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Monday, March 25th.

Firm Capital Mortgage Investment Company Profile

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, invests in short-term residential and commercial real estate mortgage loans and real estate related debt investments in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments.