Atlantic American Co. (AAME) to Issue Annual Dividend of $0.02 on April 23rd

Atlantic American Co. (NASDAQ:AAME) declared an annual dividend on Tuesday, March 25th, Wall Street Journal reports. Shareholders of record on Wednesday, April 9th will be paid a dividend of 0.02 per share by the financial services provider on Wednesday, April 23rd. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 9th.

Atlantic American Price Performance

Atlantic American stock opened at $1.53 on Monday. Atlantic American has a 12-month low of $1.25 and a 12-month high of $2.28. The company has a market capitalization of $31.22 million, a price-to-earnings ratio of -4.37 and a beta of 0.44. The firm’s fifty day moving average price is $1.57 and its 200 day moving average price is $1.58.

Atlantic American (NASDAQ:AAME) last released its quarterly earnings results on Tuesday, March 25th. The financial services provider reported ($0.04) EPS for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%. The firm had revenue of $49.04 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Atlantic American in a report on Thursday. They set a “hold” rating for the company.

About Atlantic American

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.