Five Oaks Investment Corp (NYSE:OAKS) announced a monthly dividend on Monday, March 19th, Wall Street Journal reports. Stockholders of record on Monday, April 16th will be given a dividend of 0.02 per share by the real estate investment trust on Friday, April 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date of this dividend is Friday, April 13th.
Five Oaks Investment has decreased its dividend payment by an average of 26.3% annually over the last three years. Five Oaks Investment has a payout ratio of 81.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Five Oaks Investment to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 53.3%.
Shares of Five Oaks Investment (OAKS) opened at $3.21 on Tuesday. The company has a debt-to-equity ratio of 21.93, a current ratio of 216.96 and a quick ratio of 216.96. The stock has a market capitalization of $76.40, a P/E ratio of 80.25 and a beta of 1.03. Five Oaks Investment has a 52-week low of $3.02 and a 52-week high of $5.61.
In related news, major shareholder Bermuda Ltd Xl sold 710,495 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $4.77, for a total value of $3,389,061.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.92% of the company’s stock.
About Five Oaks Investment
Five Oaks Investment Corp. is a real estate investment trust. The Company is focused on investing on a leveraged basis in mortgage and other real estate-related assets, particularly residential mortgage loans and mortgage-backed securities (MBS). The Company invests in various assets, such as Agency residential MBS (RMBS); securitizations backed by multi-family mortgage loans, or Multi-Family MBS; residential mortgage loans and other mortgage-related investments, including mortgage servicing rights (MSRs), and Non-Agency RMBS.
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