Arlington Asset Investment Corp (NYSE:AI) declared a quarterly dividend on Tuesday, September 17th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.225 per share by the financial services provider on Thursday, October 31st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 15.76%. The ex-dividend date is Friday, September 27th.
Arlington Asset Investment has decreased its dividend by an average of 17.1% annually over the last three years. Arlington Asset Investment has a payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Arlington Asset Investment to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 92.8%.
Shares of NYSE:AI traded up $0.02 during trading on Wednesday, reaching $5.71. The stock had a trading volume of 17,629 shares, compared to its average volume of 367,144. Arlington Asset Investment has a 52 week low of $4.79 and a 52 week high of $10.18. The stock has a fifty day simple moving average of $5.45 and a two-hundred day simple moving average of $6.82. The firm has a market capitalization of $208.60 million, a price-to-earnings ratio of 2.78 and a beta of 1.01. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.26.
A number of brokerages recently issued reports on AI. Zacks Investment Research lowered shares of Arlington Asset Investment from a “hold” rating to a “strong sell” rating in a research report on Monday, July 15th. TheStreet lowered shares of Arlington Asset Investment from a “c-” rating to a “d+” rating in a research report on Friday, August 16th. Maxim Group reaffirmed a “hold” rating on shares of Arlington Asset Investment in a research report on Thursday, July 4th. Echelon Wealth Partners reaffirmed a “buy” rating and set a $14.00 target price on shares of Arlington Asset Investment in a research report on Sunday, August 11th. Finally, ValuEngine lowered shares of Arlington Asset Investment from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. Arlington Asset Investment currently has an average rating of “Hold” and a consensus target price of $14.00.
About Arlington Asset Investment
Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that currently invests primarily in mortgage-related and other assets. The Company is headquartered in the Washington, DC metropolitan area. For more information, please visit www.arlingtonasset.com.
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