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

Firm Capital Mortgage Investment Corp (TSE:FC) announced a monthly dividend on Tuesday, July 30th, TickerTech reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.078 per share on Thursday, August 15th. This represents a $0.94 annualized dividend and a dividend yield of 6.84%. The ex-dividend date is Tuesday, July 30th.

Shares of TSE FC remained flat at $C$13.69 during trading on Monday. 27,412 shares of the company’s stock traded hands, compared to its average volume of 28,442. The stock has a 50-day moving average price of C$13.71 and a two-hundred day moving average price of C$13.50. Firm Capital Mortgage Investment has a 52 week low of C$12.59 and a 52 week high of C$13.97. The stock has a market cap of $357.62 million and a P/E ratio of 14.10. The company has a debt-to-equity ratio of 71.17, a quick ratio of 6.31 and a current ratio of 6.32.

Separately, TD Securities boosted their target price on Firm Capital Mortgage Investment from C$13.50 to C$14.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th.

Firm Capital Mortgage Investment Company Profile

Firm Capital Mortgage Investment Corporation, through its mortgage banker Firm Capital Corporation, provides residential and commercial real estate finance in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company offers mortgage services, such as real estate financing, real estate investment financing, capital market services, and loan servicing and advisory services; lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situations loans; and various types of lending facilities to mortgage brokers.

Further Reading: Retained Earnings

Dividend History for Firm Capital Mortgage Investment (TSE:FC)

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