Arlington Asset Investment Corp (NYSE:AI) declared a quarterly dividend on Friday, December 15th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.55 per share by the financial services provider on Wednesday, January 31st. This represents a $2.20 annualized dividend and a dividend yield of 17.89%. The ex-dividend date is Thursday, December 28th.
Arlington Asset Investment has decreased its dividend by an average of 1.6% per year over the last three years. Arlington Asset Investment has a dividend payout ratio of 305.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Arlington Asset Investment to earn $1.21 per share next year, which means the company may not be able to cover its $2.20 annual dividend with an expected future payout ratio of 181.8%.
Shares of Arlington Asset Investment (NYSE:AI) traded down $0.08 on Friday, hitting $12.30. 459,100 shares of the stock traded hands, compared to its average volume of 388,620. Arlington Asset Investment has a 12 month low of $10.93 and a 12 month high of $16.08. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.19.
Arlington Asset Investment (NYSE:AI) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. The business had revenue of $14.87 million for the quarter, compared to analysts’ expectations of $20.17 million. Arlington Asset Investment had a negative net margin of 27.20% and a negative return on equity of 8.36%. equities analysts predict that Arlington Asset Investment will post 0.72 EPS for the current year.
A number of brokerages recently issued reports on AI. Zacks Investment Research raised shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. FBR & Co reissued a “hold” rating and issued a $13.00 price objective on shares of Arlington Asset Investment in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Arlington Asset Investment presently has an average rating of “Hold” and a consensus target price of $13.75.
In related news, CFO Richard Ernst Konzmann bought 4,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were purchased at an average price of $11.34 per share, with a total value of $45,360.00. Following the completion of the purchase, the chief financial officer now owns 11,457 shares in the company, valued at approximately $129,922.38. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO J Rock Tonkel, Jr. bought 5,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were bought at an average cost of $11.00 per share, for a total transaction of $55,000.00. Following the purchase, the chief executive officer now owns 327,132 shares of the company’s stock, valued at approximately $3,598,452. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 14,000 shares of company stock worth $158,660. Insiders own 5.90% of the company’s stock.
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Arlington Asset Investment Company Profile
Arlington Asset Investment Corp. is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
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