Adamas Trust, Inc. (ADAM) To Go Ex-Dividend on June 23rd

Adamas Trust, Inc. (NASDAQ:ADAM) announced a quarterly dividend on Thursday, June 11th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.27 per share on Tuesday, July 28th. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. This is a 17.4% increase from Adamas Trust’s previous quarterly dividend of $0.23.

Adamas Trust Stock Performance

ADAM stock opened at $9.31 on Friday. Adamas Trust has a 1 year low of $6.16 and a 1 year high of $9.48. The company has a current ratio of 17.69, a quick ratio of 17.70 and a debt-to-equity ratio of 11.91. The company has a 50 day moving average of $8.45. The stock has a market cap of $836.60 million, a price-to-earnings ratio of 7.96 and a beta of 1.17.

Adamas Trust (NASDAQ:ADAM) last posted its earnings results on Wednesday, April 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Adamas Trust had a return on equity of 14.29% and a net margin of 24.14%.The firm had revenue of $45.81 million for the quarter, compared to analyst estimates of $40.00 million. On average, research analysts predict that Adamas Trust will post 1.05 earnings per share for the current year.

Adamas Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.