Firm Capital Mortgage Investment Corp Plans Monthly Dividend of $0.08 (FC)
Firm Capital Mortgage Investment Corp (TSE:FC) declared a monthly dividend on Thursday, September 27th, TickerTech reports. Investors of record on Monday, October 15th will be paid a dividend of 0.078 per share on Monday, October 15th. This represents a $0.94 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date is Thursday, September 27th.
TSE FC traded up C$0.07 on Wednesday, hitting C$13.20. The stock had a trading volume of 2,171 shares, compared to its average volume of 26,775. Firm Capital Mortgage Investment has a 52-week low of C$12.29 and a 52-week high of C$13.69.
Firm Capital Mortgage Investment (TSE:FC) last released its quarterly earnings results on Tuesday, August 7th. The company reported C$0.24 earnings per share (EPS) for the quarter. Firm Capital Mortgage Investment had a net margin of 54.80% and a return on equity of 8.60%. The business had revenue of C$11.64 million for the quarter.
About Firm Capital Mortgage Investment
Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial real estate finance. It engages in originating, funding, purchasing, and servicing mortgage investments in Canada. The company offers mortgage services, such as real estate financing, real estate investment financing, capital market services, loan servicing, and advisory services; lending programs comparing construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situations investments; and various types of lending facilities to mortgage brokers.
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