Atlantic American Co. Plans Annual Dividend of $0.02 (NASDAQ:AAME)

Atlantic American Co. (NASDAQ:AAME) declared an annual dividend on Wednesday, March 26th, Wall Street Journal reports. Investors of record on Wednesday, April 9th will be given a dividend of 0.02 per share by the financial services provider on Wednesday, April 23rd. This represents a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 9th.

Atlantic American Price Performance

Shares of NASDAQ AAME opened at $1.75 on Friday. The stock’s 50-day moving average is $1.56 and its two-hundred day moving average is $1.58. The company has a market cap of $35.70 million, a price-to-earnings ratio of -5.00 and a beta of 0.58. Atlantic American has a 1-year low of $1.25 and a 1-year high of $2.84.

Atlantic American (NASDAQ:AAME) last issued its earnings results on Tuesday, March 25th. The financial services provider reported ($0.04) earnings per share for the quarter. Atlantic American had a negative net margin of 3.72% and a negative return on equity of 8.17%. The firm had revenue of $49.04 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Atlantic American in a research note on Wednesday. They set a “hold” rating for the company.

Atlantic American Company Profile

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.