Adamas Trust, Inc. (NASDAQ:ADAM) Declares Dividend Increase – $0.30 Per Share

Adamas Trust, Inc. (NASDAQ:ADAM) announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.30 per share on Wednesday, October 28th. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 11.1% increase from Adamas Trust’s previous quarterly dividend of $0.27.

Adamas Trust Stock Up 4.5%

ADAM stock opened at $10.23 on Wednesday. Adamas Trust has a 52 week low of $6.45 and a 52 week high of $10.36. The business has a 50-day simple moving average of $9.15 and a 200 day simple moving average of $8.50. The company has a quick ratio of 18.54, a current ratio of 18.54 and a debt-to-equity ratio of 11.89. The company has a market cap of $919.47 million, a PE ratio of 6.09 and a beta of 1.17.

Adamas Trust (NASDAQ:ADAM) last issued its earnings results on Wednesday, July 29th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. Adamas Trust had a net margin of 29.82% and a return on equity of 14.72%. The company had revenue of $47.92 million during the quarter, compared to analysts’ expectations of $47.50 million. Sell-side analysts anticipate that Adamas Trust will post 1.2 EPS for the current fiscal year.

About Adamas Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.