Great Ajax Corp. (NYSE:AJX) Declares Quarterly Dividend of $0.06

Great Ajax Corp. (NYSE:AJX) announced a quarterly dividend on Tuesday, October 22nd, Wall Street Journal reports. Investors of record on Friday, November 15th will be given a dividend of 0.06 per share by the real estate investment trust on Friday, November 29th. This represents a $0.24 annualized dividend and a yield of 7.21%. The ex-dividend date is Friday, November 15th.

Great Ajax has a payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings.

Great Ajax Price Performance

Great Ajax stock traded up $0.08 during midday trading on Tuesday, reaching $3.33. The company’s stock had a trading volume of 194,899 shares, compared to its average volume of 134,186. The business has a 50-day moving average price of $3.32 and a 200-day moving average price of $3.46. Great Ajax has a 52 week low of $2.98 and a 52 week high of $6.01. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.09. The stock has a market cap of $131.75 million, a PE ratio of -0.84 and a beta of 1.90.

Great Ajax (NYSE:AJX) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.26. Great Ajax had a negative return on equity of 6.68% and a negative net margin of 181.85%. The firm had revenue of $12.35 million during the quarter. During the same quarter in the previous year, the business posted ($0.25) earnings per share.

Analyst Upgrades and Downgrades

Separately, BTIG Research began coverage on Great Ajax in a research note on Tuesday, September 10th. They issued a “neutral” rating for the company.

About Great Ajax

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.