AG Mortgage Investment Trust, Inc. (NYSE:MITT) Announces Dividend Increase - $0.20 Per Share
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AG Mortgage Investment Trust, Inc. (NYSE:MITT) has announced a quarterly dividend increase to $0.20 per share, up from $0.19, representing a 5.3% rise. The dividend will be paid on April 30th to shareholders of record as of March 31st, yielding 10.65% annually. The company has a payout ratio of 71.7%, indicating earnings sufficiently cover the dividend. Analysts predict earnings of $1.13 per share next year, supporting the sustainability of the dividend. The stock opened at $7.51, with a market cap of $222.80 million and a consensus rating of "Moderate Buy."
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