Great Ajax Corp. Declares Quarterly Dividend of $0.06 (NYSE:AJX)

Great Ajax Corp. (NYSE:AJX) announced a quarterly dividend on Tuesday, July 23rd, Zacks reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.06 per share by the real estate investment trust on Friday, August 30th. This represents a $0.24 annualized dividend and a yield of 6.89%. The ex-dividend date is Thursday, August 15th.

Great Ajax has a payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings.

Great Ajax Trading Down 9.5 %

AJX opened at $3.49 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.89 and a quick ratio of 1.89. The company’s 50 day simple moving average is $3.51 and its two-hundred day simple moving average is $4.01. The firm has a market capitalization of $137.87 million, a price-to-earnings ratio of -0.86 and a beta of 1.88. Great Ajax has a 1-year low of $3.11 and a 1-year high of $7.13.

Great Ajax Company Profile

Great Ajax Corp. operates as a mortgage real estate investment trust. It acquires re-performing and non-performing loans; acquires or originates small balance commercial mortgage loans that are secured by multi-family residential and commercial mixed use retail/residential properties; and invests in single-family and smaller commercial properties.