AG Mortgage Investment Trust Inc (NYSE:MITT) declared a quarterly dividend on Monday, March 18th, Wall Street Journal reports. Shareholders of record on Friday, March 29th will be paid a dividend of 0.50 per share by the real estate investment trust on Tuesday, April 30th. This represents a $2.00 annualized dividend and a yield of 11.43%. The ex-dividend date of this dividend is Thursday, March 28th.

AG Mortgage Investment Trust has decreased its dividend payment by an average of 6.7% annually over the last three years. AG Mortgage Investment Trust has a dividend payout ratio of 110.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Shares of MITT opened at $17.50 on Wednesday. AG Mortgage Investment Trust has a one year low of $15.52 and a one year high of $19.69. The company has a market cap of $560.28 million, a price-to-earnings ratio of 7.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.16 and a quick ratio of 1.16.

AG Mortgage Investment Trust (NYSE:MITT) last announced its quarterly earnings results on Tuesday, February 26th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.05). AG Mortgage Investment Trust had a return on equity of 12.97% and a net margin of 1.00%.

In related news, CEO David N. Roberts purchased 50,000 shares of the stock in a transaction dated Monday, February 11th. The stock was bought at an average cost of $17.05 per share, for a total transaction of $852,500.00. Following the completion of the acquisition, the chief executive officer now owns 248,882 shares of the company’s stock, valued at $4,243,438.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Brian C. Sigman purchased 5,000 shares of the stock in a transaction dated Monday, February 11th. The shares were bought at an average price of $17.05 per share, with a total value of $85,250.00. Following the completion of the acquisition, the chief financial officer now directly owns 44,166 shares of the company’s stock, valued at approximately $753,030.30. The disclosure for this purchase can be found here. Insiders have bought 65,000 shares of company stock valued at $1,108,250 over the last quarter. Company insiders own 1.27% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “AG Mortgage Investment Trust Inc (MITT) to Issue Quarterly Dividend of $0.50” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/ag-mortgage-investment-trust-inc-mitt-to-issue-quarterly-dividend-of-0-50/2920897.html.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc, a real estate investment trust, focuses on investing in, acquiring, and managing a portfolio of residential mortgage assets, other real estate-related securities, and financial assets. The company invests in residential mortgage-backed securities (RMBS) issued or guaranteed by a U.S.

Recommended Story: What are economic reports?

Dividend History for AG Mortgage Investment Trust (NYSE:MITT)

Receive News & Ratings for AG Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AG Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.