CYS Investments Inc (NYSE:CYS) announced a quarterly dividend on Friday, March 9th, Wall Street Journal reports. Investors of record on Thursday, March 22nd will be given a dividend of 0.22 per share by the real estate investment trust on Wednesday, April 11th. This represents a $0.88 annualized dividend and a yield of 13.10%. The ex-dividend date of this dividend is Wednesday, March 21st.
CYS Investments has decreased its dividend payment by an average of 6.9% per year over the last three years. CYS Investments has a dividend payout ratio of 94.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.
Shares of CYS Investments (NYSE:CYS) opened at $6.72 on Friday. The firm has a market cap of $1,049.54, a price-to-earnings ratio of 6.40 and a beta of 0.42. CYS Investments has a fifty-two week low of $6.25 and a fifty-two week high of $8.98.
CYS Investments (NYSE:CYS) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $46.18 million during the quarter, compared to the consensus estimate of $47.00 million. CYS Investments had a net margin of 64.82% and a return on equity of 13.00%. During the same quarter last year, the firm earned $0.24 EPS.
Several analysts recently weighed in on the stock. Compass Point upgraded shares of CYS Investments from a “sell” rating to a “neutral” rating in a report on Tuesday, February 6th. ValuEngine cut shares of CYS Investments from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $8.50.
ILLEGAL ACTIVITY WARNING: “CYS Investments Inc (CYS) To Go Ex-Dividend on March 21st” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/03/16/cys-investments-inc-cys-to-go-ex-dividend-on-march-21st.html.
About CYS Investments
CYS Investments, Inc is a specialty finance company. The Company’s objective is to provide consistent returns to its investors through a combination of dividends and capital appreciation. It invests in agency residential mortgage-backed security (RMBS) collateralized by fixed rate single-family residential mortgage loans; adjustable-rate mortgages (ARMs), which have coupon rates that reset monthly, or hybrid ARMs, which have a coupon rate that is fixed for an initial period.
Receive News & Ratings for CYS Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CYS Investments and related companies with MarketBeat.com's FREE daily email newsletter.