AG Mortgage Investment Trust Increases Quarterly Common Dividend From $0.18 To $0.19 Per Share
Portfolio Pulse from Benzinga Newsdesk
AG Mortgage Investment Trust, Inc. (NYSE:MITT) announced a 5.6% increase in its quarterly common dividend from $0.18 to $0.19 per share. The dividend is payable on July 31, 2024, to shareholders of record on June 28, 2024.
June 13, 2024 | 8:08 pm
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POSITIVE IMPACT
AG Mortgage Investment Trust, Inc. (NYSE:MITT) has increased its quarterly dividend by 5.6% to $0.19 per share, payable on July 31, 2024. This move is likely to attract income-focused investors and could positively impact the stock price in the short term.
The increase in the dividend is a positive signal to investors, indicating the company's confidence in its financial stability and future earnings. This is likely to attract income-focused investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100