Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Announces Quarterly Dividend of $0.32

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Monday, November 23rd will be given a dividend of $0.32 per share on Monday, November 30th. This represents a $1.28 annualized dividend and a dividend yield of 20.4%. The ex-dividend date is Monday, November 23rd.

Angel Oak Mortgage REIT has a payout ratio of 92.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Angel Oak Mortgage REIT to earn $1.38 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 92.8%.

Angel Oak Mortgage REIT Price Performance

Shares of Angel Oak Mortgage REIT stock traded down $0.88 during trading hours on Tuesday, reaching $6.28. The stock had a trading volume of 387,974 shares, compared to its average volume of 118,407. The stock’s 50 day moving average is $7.66 and its 200 day moving average is $8.45. The firm has a market capitalization of $145.67 million, a PE ratio of 8.37 and a beta of 1.28. Angel Oak Mortgage REIT has a twelve month low of $6.14 and a twelve month high of $9.48. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its earnings results on Tuesday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04). Angel Oak Mortgage REIT had a net margin of 11.85% and a return on equity of 7.74%. The business had revenue of ($10.63) million for the quarter, compared to analysts’ expectations of $11.39 million. Equities analysts expect that Angel Oak Mortgage REIT will post 1.14 earnings per share for the current fiscal year.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc is a real estate investment trust focused on investing in residential mortgage assets. The company primarily targets non-qualified mortgage loans, or non-QM loans, which are residential mortgages made to creditworthy borrowers whose financial profiles may not fit traditional agency underwriting standards.

Its investment portfolio may also include residential mortgage-backed securities and other mortgage-related assets. Angel Oak Mortgage REIT seeks to generate income through interest payments and other returns from these investments, with an emphasis on loans secured by residential properties in the United States.

Angel Oak Mortgage REIT is externally managed by Angel Oak Capital Advisors, an investment management firm specializing in mortgage credit and related strategies.