Great Ajax Corp (AJX) Increases Dividend to $0.32 Per Share

Great Ajax Corp (NYSE:AJX) announced a quarterly dividend on Tuesday, October 30th, NASDAQ reports. Stockholders of record on Friday, November 16th will be given a dividend of 0.32 per share by the real estate investment trust on Friday, November 30th. This represents a $1.28 annualized dividend and a dividend yield of 9.43%. The ex-dividend date of this dividend is Thursday, November 15th. This is a positive change from Great Ajax’s previous quarterly dividend of $0.30.

Great Ajax has a payout ratio of 79.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Great Ajax to earn $1.78 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 71.9%.

AJX opened at $13.58 on Friday. The company has a quick ratio of 4.28, a current ratio of 4.28 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $257.48 million, a PE ratio of 8.65 and a beta of 0.63. Great Ajax has a 12 month low of $12.27 and a 12 month high of $14.69.

Great Ajax (NYSE:AJX) last posted its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). The business had revenue of $14.75 million during the quarter, compared to analyst estimates of $15.22 million. Great Ajax had a net margin of 48.10% and a return on equity of 9.12%. As a group, research analysts forecast that Great Ajax will post 1.62 EPS for the current fiscal year.

Several research firms have recently commented on AJX. ValuEngine cut Great Ajax from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Zacks Investment Research raised Great Ajax from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.50.

COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at

Great Ajax Company Profile

Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties, such as one to four unit homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases.

Read More: What is the Book Value of a Share?

Dividend History for Great Ajax (NYSE:AJX)

Receive News & Ratings for Great Ajax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Ajax and related companies with's FREE daily email newsletter.

Leave a Reply