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

Great Ajax Corp. (NYSE:AJX) announced a quarterly dividend on Monday, October 21st, 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 7.20%. The ex-dividend date is Friday, November 15th.

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

Great Ajax Stock Performance

AJX opened at $3.34 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.58 and a current ratio of 1.58. The business’s 50-day simple moving average is $3.32 and its 200 day simple moving average is $3.46. The firm has a market capitalization of $131.95 million, a PE ratio of -0.83 and a beta of 1.90. Great Ajax has a 52-week low of $2.98 and a 52-week high of $6.01.

Great Ajax (NYSE:AJX) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.26. The firm had revenue of $12.35 million for the quarter. Great Ajax had a negative return on equity of 6.68% and a negative net margin of 181.85%. During the same quarter in the prior year, the company earned ($0.25) EPS.

Wall Street Analysts Forecast Growth

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

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.