Arlington Asset Investment Corp (NYSE:AI) announced a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.55 per share by the financial services provider on Tuesday, October 31st. This represents a $2.20 annualized dividend and a yield of 16.70%. The ex-dividend date of this dividend is Thursday, September 28th.

Arlington Asset Investment Corp has decreased its dividend by an average of 1.6% per year over the last three years. Arlington Asset Investment Corp has a payout ratio of 846.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Arlington Asset Investment Corp to earn $2.24 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 98.2%.

Arlington Asset Investment Corp (AI) traded up 0.38% during mid-day trading on Friday, reaching $13.17. 704,216 shares of the company’s stock traded hands. Arlington Asset Investment Corp has a 12-month low of $12.62 and a 12-month high of $17.13. The stock’s market capitalization is $341.76 million. The stock has a 50-day moving average price of $12.99 and a 200-day moving average price of $13.90.

Arlington Asset Investment Corp (NYSE:AI) last released its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). Arlington Asset Investment Corp had a negative return on equity of 10.44% and a negative net margin of 33.84%. The firm had revenue of $18.93 million for the quarter, compared to analysts’ expectations of $20.28 million. Equities research analysts expect that Arlington Asset Investment Corp will post $2.31 EPS for the current year.

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A number of research firms recently commented on AI. ValuEngine cut shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Arlington Asset Investment Corp from a “strong sell” rating to a “hold” rating in a research note on Monday, July 31st. Singular Research started coverage on shares of Arlington Asset Investment Corp in a research note on Tuesday, August 1st. They set a “buy” rating and a $14.25 price target for the company. BidaskClub upgraded shares of Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Maxim Group reiterated a “buy” rating and set a $14.00 price objective (down previously from $16.00) on shares of Arlington Asset Investment Corp in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Arlington Asset Investment Corp currently has a consensus rating of “Hold” and an average price target of $15.15.

About Arlington Asset Investment Corp

Arlington Asset Investment Corp. is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Dividend History for Arlington Asset Investment Corp (NYSE:AI)

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