In a recent press release, AG Mortgage Investment Trust, Inc.(NYSE: MITT) announced a dividend increase of 5.6% for the second quarter of 2024.This move signifies the company’s commitment to enhancing shareholder value and aligning with long-term earnings growth.
The Board of Directors of MITT declared a dividend of $0.19 per common share, up from the previous quarter’s dividend of $0.18 per common share.The dividend will be payable on July 31, 2024, to shareholders of record as of June 28, 2024.
This news comes on the heels of a previous announcement where MITT’s shares soared after declaring a third-quarter dividend, further bolstering investor confidence.The company’s strategic focus on increasing dividends has been well-received by shareholders, as evidenced by the recent stock performance.
Despite a slight decline in the past 5 days, MITT’s stock has shown resilience, with a 11.94% increase in the past 90 days.The stock is now only 3.4% below its 52-week high of $6.99, indicating positive momentum and potential for further growth.
Overall, AG Mortgage Investment Trust, Inc.continues to demonstrate strength and stability in the market, providing shareholders with confidence in the company’s future prospects.
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