Adamas Trust, Inc. (ADAM) To Go Ex-Dividend on June 23rd

Adamas Trust, Inc. (NASDAQ:ADAM) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.27 per share on Tuesday, July 28th. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Tuesday, June 23rd. This is a 17.4% increase from Adamas Trust’s previous quarterly dividend of $0.23.

Adamas Trust Stock Performance

Adamas Trust stock opened at $9.13 on Friday. Adamas Trust has a 52 week low of $6.16 and a 52 week high of $9.52. The company has a quick ratio of 17.70, a current ratio of 17.69 and a debt-to-equity ratio of 11.91. The firm has a market cap of $820.42 million, a price-to-earnings ratio of 7.80 and a beta of 1.17. The business has a 50 day moving average price of $8.63.

Adamas Trust (NASDAQ:ADAM) last announced its earnings results on Wednesday, April 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $45.81 million for the quarter, compared to the consensus estimate of $40.00 million. Adamas Trust had a net margin of 24.14% and a return on equity of 14.29%. Equities analysts forecast that Adamas Trust will post 1.05 earnings per share 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.