Atlantic American Co. Plans Annual Dividend of $0.02 (NASDAQ:AAME)

Atlantic American Co. (NASDAQ:AAME) announced an annual dividend on Wednesday, March 26th, Wall Street Journal reports. Investors of record on Wednesday, April 9th will be paid a dividend of 0.02 per share by the financial services provider on Wednesday, April 23rd. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 9th.

Atlantic American Trading Down 2.8 %

Shares of AAME opened at $1.73 on Thursday. Atlantic American has a twelve month low of $1.25 and a twelve month high of $2.84. The firm has a market capitalization of $35.29 million, a P/E ratio of -4.94 and a beta of 0.58. The firm’s 50-day moving average is $1.55 and its two-hundred day moving average is $1.58.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings results on Tuesday, March 25th. The financial services provider reported ($0.04) EPS for the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%. The firm had revenue of $49.04 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Atlantic American in a research note on Wednesday. They set a “hold” rating for the company.

About Atlantic American

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.