Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Plans Quarterly Dividend of $0.32

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, August 21st will be paid a dividend of 0.32 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 14.1%. The ex-dividend date is Friday, August 21st.

Angel Oak Mortgage REIT has a dividend payout ratio of 92.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Angel Oak Mortgage REIT to earn $1.39 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 92.1%.

Angel Oak Mortgage REIT Price Performance

AOMR stock traded up $0.33 during trading hours on Tuesday, hitting $9.11. 153,537 shares of the stock traded hands, compared to its average volume of 107,002. The stock has a 50-day simple moving average of $8.70 and a 200 day simple moving average of $8.70. The company has a market cap of $227.02 million, a P/E ratio of 14.23 and a beta of 1.25. Angel Oak Mortgage REIT has a one year low of $7.95 and a one year high of $10.14. The company has a current ratio of 13.09, a quick ratio of 13.09 and a debt-to-equity ratio of 8.44.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.12). Angel Oak Mortgage REIT had a net margin of 10.64% and a return on equity of 5.25%. The business had revenue of ($2.20) million during the quarter, compared to analyst estimates of $11.14 million. Equities analysts forecast that Angel Oak Mortgage REIT will post 1.17 earnings per share for the current year.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.