Adamas Trust, Inc. (NASDAQ:ADAM) Increases Dividend to $0.30 Per Share

Adamas Trust, Inc. (NASDAQ:ADAM) declared a quarterly dividend on Tuesday, August 11th. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.30 per share on Wednesday, October 28th. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 11.1% increase from Adamas Trust’s previous quarterly dividend of $0.27.

Adamas Trust Trading Up 4.5%

Shares of ADAM traded up $0.44 during mid-day trading on Tuesday, reaching $10.23. The company’s stock had a trading volume of 1,440,232 shares, compared to its average volume of 778,271. The company has a current ratio of 18.54, a quick ratio of 18.54 and a debt-to-equity ratio of 11.89. Adamas Trust has a 52 week low of $6.45 and a 52 week high of $10.36. The stock has a market cap of $919.47 million, a PE ratio of 6.09 and a beta of 1.17. The company’s fifty day moving average price is $9.13 and its two-hundred day moving average price is $8.48.

Adamas Trust (NASDAQ:ADAM) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $47.92 million during the quarter, compared to the consensus estimate of $47.50 million. Adamas Trust had a return on equity of 14.72% and a net margin of 29.82%. On average, analysts predict that Adamas Trust will post 1.2 earnings per share for the current fiscal year.

Adamas Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.