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

Firm Capital Mortgage Investment Corp (TSE:FC) declared a monthly dividend on Thursday, August 29th, TickerTech reports. Investors of record on Monday, September 16th will be paid a dividend of 0.078 per share on Monday, September 16th. This represents a $0.94 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend is Thursday, August 29th.

Firm Capital Mortgage Investment stock opened at C$13.80 on Wednesday. Firm Capital Mortgage Investment has a fifty-two week low of C$12.59 and a fifty-two week high of C$13.99. The company has a debt-to-equity ratio of 71.17, a current ratio of 6.32 and a quick ratio of 6.31. The firm has a market capitalization of $385.07 million and a PE ratio of 14.21. The company’s 50-day moving average is C$13.76 and its 200-day moving average is C$13.53.

Firm Capital Mortgage Investment (TSE:FC) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.24. The business had revenue of C$12.21 million during the quarter. As a group, analysts expect that Firm Capital Mortgage Investment will post 0.75 EPS for the current year.

Separately, TD Securities raised their price target on Firm Capital Mortgage Investment from C$13.50 to C$14.00 and gave the company 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.

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

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