Firm Capital Mortgage Investment Corp (TSE:FC) announced a monthly dividend on Wednesday, July 19th, Zacks reports. Shareholders of record on Monday, July 31st will be paid a dividend of 0.078 per share on Tuesday, August 15th. This represents a $0.94 annualized dividend and a dividend yield of 7.01%. The ex-dividend date of this dividend is Thursday, July 27th.
Shares of Firm Capital Mortgage Investment Corp (FC) opened at 13.36 on Wednesday. The firm has a 50 day moving average of $13.36 and a 200 day moving average of $13.64. Firm Capital Mortgage Investment Corp has a 52 week low of $12.29 and a 52 week high of $14.47. The firm has a market cap of $322.98 million and a price-to-earnings ratio of 13.39.
Separately, TD Securities restated a “hold” rating and issued a C$14.00 price target (up from C$13.50) on shares of Firm Capital Mortgage Investment Corp in a research report on Friday, June 30th.
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In related news, Director Joseph Oliver bought 6,100 shares of Firm Capital Mortgage Investment Corp stock in a transaction dated Friday, May 26th. The shares were bought at an average cost of C$13.17 per share, for a total transaction of C$80,337.00. Also, Director Jonathon Mair sold 4,400 shares of the company’s stock in a transaction that occurred on Tuesday, July 4th. The stock was sold at an average price of C$13.26, for a total transaction of C$58,344.00. Over the last 90 days, insiders sold 45,700 shares of company stock worth $605,370.
Firm Capital Mortgage Investment Corp Company Profile
Firm Capital Mortgage Investment Corporation is a Canada-based mortgage investment company. The Company is a non-bank lender that finances a range of properties, which include residential houses, small multi-family residential properties consisting of approximately six units, residential apartment buildings, mixed-use residential apartments and store-front properties, investment properties, land and development sites, and development and construction projects.
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