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

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

Firm Capital Mortgage Investment Trading Down 0.8 %

Shares of TSE:FC opened at C$10.84 on Friday. The stock has a market capitalization of C$373.87 million, a price-to-earnings ratio of 11.06 and a beta of 1.03. Firm Capital Mortgage Investment has a 1-year low of C$9.41 and a 1-year high of C$11.85. The company has a debt-to-equity ratio of 45.79, a quick ratio of 17.11 and a current ratio of 10.05. The company has a 50 day moving average price of C$11.35 and a 200 day moving average price of C$10.84.

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

Analyst Upgrades and Downgrades

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

About Firm Capital Mortgage Investment

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.