Firm Capital Mortgage Investment Co. (TSE:FC) Declares $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 Price Performance

TSE:FC opened at C$10.84 on Friday. Firm Capital Mortgage Investment has a one year low of C$9.41 and a one year high of C$11.85. The company has a debt-to-equity ratio of 45.79, a quick ratio of 17.11 and a current ratio of 10.05. The firm has a market cap of C$373.87 million, a price-to-earnings ratio of 11.06 and a beta of 1.03. The firm’s fifty day moving average is C$11.36 and its two-hundred day moving average is C$10.83.

Firm Capital Mortgage Investment (TSE:FC) last posted 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 for the quarter. Research analysts expect that Firm Capital Mortgage Investment will post 1.0301095 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, TD Securities raised 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 research note 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.