AG Mortgage Investment Trust Inc (MITT) to Issue Quarterly Dividend of $0.50 on July 31st

AG Mortgage Investment Trust Inc (NYSE:MITT) announced a quarterly dividend on Friday, June 14th, NASDAQ reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.50 per share by the real estate investment trust on Wednesday, July 31st. This represents a $2.00 annualized dividend and a yield of 12.35%. The ex-dividend date is Thursday, June 27th.

AG Mortgage Investment Trust has decreased its dividend payment by an average of 6.7% annually over the last three years. AG Mortgage Investment Trust has a dividend payout ratio of 110.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

NYSE MITT traded up $0.05 during trading hours on Tuesday, hitting $16.20. 5,595 shares of the company were exchanged, compared to its average volume of 183,942. The company’s 50 day simple moving average is $16.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.13 and a current ratio of 1.13. AG Mortgage Investment Trust has a 52-week low of $15.25 and a 52-week high of $19.60. The firm has a market capitalization of $528.92 million, a price-to-earnings ratio of 7.83 and a beta of 0.94.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.05). AG Mortgage Investment Trust had a return on equity of 12.28% and a net margin of 14.17%. The company had revenue of $18.15 million for the quarter.

In other AG Mortgage Investment Trust news, CEO David N. Roberts acquired 50,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were acquired at an average price of $16.53 per share, for a total transaction of $826,500.00. Following the acquisition, the chief executive officer now owns 298,882 shares in the company, valued at approximately $4,940,519.46. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.37% of the company’s stock.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage-backed securities, other real estate-related securities, and financial assets in the United States. It operates through two segments, Securities and Loans, and Single-Family Rental Properties.

Featured Article: How to track put option volume

Dividend History for AG Mortgage Investment Trust (NYSE:MITT)

Receive News & Ratings for AG Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AG Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.