AG Mortgage Investment Trust, Inc.Increases Quarterly Common Dividend 5.6% to $0.19 per Share
NEW YORK - AG Mortgage Investment Trust, Inc.(NYSE: MITT) has announced an increase in its quarterly common dividend by 5.6%. The Board of Directors declared a dividend of $0.19 per common share for the second quarter of 2024, surpassing the previous quarter’s dividend of $0.18 per common share.This decision was made in line with the company’s commitment to steadily increase dividends to align with long-term earnings growth.
The dividend is scheduled to be paid on July 31, 2024, to shareholders of record as of June 28, 2024.This declaration comes as AG Mortgage Investment Trust, Inc.’s shares experience a surge following the announcement of a third-quarter dividend, instilling confidence among investors.
The recent decline of 1.75% in AG Mortgage Investment Trust Inc shares over the past week contrasts with a significant year-over-year increase of 12.17%. Despite the recent dip, MITT shares are gaining momentum and are just 3.7% away from reaching their 52-week high of $6.99.
AG Mortgage Investment Trust, Inc.has a history of delivering consistent dividends to its shareholders.The decision to increase the dividend for the second quarter reflects the company’s financial strength and positive outlook for future earnings.By consistently increasing dividends, the company aims to provide attractive returns to its investors and enhance shareholder confidence.
The increase in dividends indicates AG Mortgage Investment Trust, Inc.’s commitment to rewarding its shareholders and its belief in the stability and growth of its business.It showcases the company’s ability to generate sufficient cash flows to support dividend growth, indicating confidence in its long-term prospects.
The mortgage investment trust sector has been facing volatility and uncertainty due to various market factors.However, AG Mortgage Investment Trust, Inc.has managed to navigate these challenges and emerge as a promising investment option.Its strong performance and consistent dividend payments have helped attract investors and ensure steady growth.
As AG Mortgage Investment Trust, Inc.continues to increase its dividend, it signifies the company’s ability to generate consistent earnings and aligns with its long-term goals.The confidence shown by the Board of Directors in raising the dividend is likely to be well-received by investors, further bolstering their confidence in the company’s future prospects.
In conclusion, AG Mortgage Investment Trust, Inc.has declared a 5.6% increase in its quarterly common dividend for the second quarter of 2024.The company’s commitment to steadily increasing dividends aligns with its long-term earnings growth.Despite a recent decline in shares, MITT shares are showing positive momentum and are inching closer to their 52-week high.AG Mortgage Investment Trust, Inc.’s decision to increase dividends indicates its financial strength and positive outlook, instilling confidence among shareholders for the future.
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