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

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

Firm Capital Mortgage Investment Trading Down 0.8 %

TSE FC opened at C$10.84 on Friday. The firm has a market cap of C$373.87 million, a PE 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 stock has a 50-day moving average of C$11.36 and a 200-day moving average of C$10.83. The company has a current ratio of 10.05, a quick ratio of 17.11 and a debt-to-equity ratio of 45.79.

Firm Capital Mortgage Investment (TSE:FC) last announced its quarterly earnings results on Wednesday, March 20th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$18.11 million for the quarter. Firm Capital Mortgage Investment had a return on equity of 8.56% and a net margin of 73.49%. As a group, sell-side analysts forecast that Firm Capital Mortgage Investment will post 1.0301095 EPS for the current year.

Analysts Set New Price Targets

Separately, TD Securities upped their price target on shares of Firm Capital Mortgage Investment from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Monday, March 25th.

Firm Capital Mortgage Investment Company Profile

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.