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

Great Ajax Corp. (NYSE:AJX) declared a quarterly dividend on Tuesday, July 23rd, Zacks reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.06 per share by the real estate investment trust on Friday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Thursday, August 15th.

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

Great Ajax Stock Performance

AJX opened at $3.49 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.89 and a quick ratio of 1.89. The business has a fifty day simple moving average of $3.54 and a 200 day simple moving average of $3.82. Great Ajax has a 1 year low of $3.11 and a 1 year high of $6.81. The company has a market capitalization of $138.08 million, a PE ratio of -0.87 and a beta of 1.88.

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.