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

Firm Capital Mortgage Investment (TSE:FC) posted its quarterly earnings data on Tuesday. The company reported C$0.23 EPS for the quarter, FiscalAI reports. The firm had revenue of C$13.72 million during 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 Trading Down 0.8%

Shares of TSE:FC opened at C$12.05 on Thursday. The business’s 50-day moving average is C$12.03 and its 200 day moving average is C$11.96. Firm Capital Mortgage Investment has a 1 year low of C$11.51 and a 1 year high of C$12.49. The firm has a market capitalization of C$442.69 million, a P/E ratio of 11.87 and a beta of 0.63. 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 firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be given a dividend of $0.078 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Thursday, April 30th. Firm Capital Mortgage Investment’s dividend 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.