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

Firm Capital Mortgage Investment Co. (TSE:FC) declared a monthly dividend on Monday, April 29th, Zacks reports. Investors of record on Wednesday, May 15th will be paid 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 Price Performance

Shares of TSE:FC opened at C$10.84 on Friday. The company has a 50 day moving average of C$11.36 and a 200 day moving average of C$10.83. The stock has a market cap of C$373.87 million, a P/E ratio of 11.06 and a beta of 1.03. Firm Capital Mortgage Investment has a 12 month low of C$9.41 and a 12 month high of C$11.85. 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 earnings results on Wednesday, March 20th. The company reported C$0.24 earnings per share (EPS) for the quarter. Firm Capital Mortgage Investment had a net margin of 73.49% and a return on equity of 8.56%. The business had revenue of C$18.11 million during the quarter. As a group, sell-side analysts forecast that Firm Capital Mortgage Investment will post 1.0301095 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Firm Capital Mortgage Investment

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.