Firm Capital Mortgage Investment (TSE:FC) Releases Quarterly Earnings Results

Firm Capital Mortgage Investment (TSE:FC) released its quarterly earnings data on Tuesday. The company reported C$0.23 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$13.72 million for the quarter. Firm Capital Mortgage Investment had a net margin of 54.96% and a return on equity of 8.81%.

Firm Capital Mortgage Investment Stock Performance

Shares of Firm Capital Mortgage Investment stock remained flat at C$12.15 during trading on Tuesday. 77,921 shares of the stock traded hands, compared to its average volume of 62,057. The firm has a market cap of C$446.37 million, a PE ratio of 11.97 and a beta of 0.59. The stock has a fifty day moving average of C$12.04 and a two-hundred day moving average of C$11.95. Firm Capital Mortgage Investment has a one year low of C$11.51 and a one year high of C$12.49. The company has a debt-to-equity ratio of 37.84, a current ratio of 0.83 and a quick ratio of 17.11.

Firm Capital Mortgage Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.078 per share. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 7.7%. Firm Capital Mortgage Investment’s payout ratio is currently 92.22%.

About Firm Capital Mortgage Investment

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors.