Arlington Asset Investment (NYSE:AI) declared a quarterly dividend on Friday, March 16th, Wall Street Journal reports. Investors of record on Thursday, March 29th will be paid a dividend of 0.55 per share by the financial services provider on Monday, April 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 18.97%. The ex-dividend date of this dividend is Wednesday, March 28th.

Arlington Asset Investment has decreased its dividend by an average of 12.4% annually over the last three years. Arlington Asset Investment has a dividend payout ratio of 360.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

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Arlington Asset Investment (NYSE AI) opened at $11.60 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.12 and a quick ratio of 0.03. Arlington Asset Investment has a 12-month low of $9.90 and a 12-month high of $15.17. The company has a market capitalization of $326.70, a price-to-earnings ratio of 20.02 and a beta of 0.75.

Arlington Asset Investment (NYSE:AI) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.38. Arlington Asset Investment had a return on equity of 4.68% and a net margin of 14.42%. The company had revenue of $15.66 million for the quarter, compared to analysts’ expectations of $18.14 million.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Arlington Asset Investment from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research report on Monday, January 15th. ValuEngine upgraded Arlington Asset Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, B. Riley decreased their target price on Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Arlington Asset Investment has a consensus rating of “Hold” and a consensus target price of $13.45.

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About Arlington Asset Investment

Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that currently invests primarily in mortgage-related and other assets. The Company is headquartered in the Washington, DC metropolitan area. For more information, please visit www.arlingtonasset.com.

Dividend History for Arlington Asset Investment (NYSE:AI)

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