Altisource Residential Corp (NYSE:RESI) announced a quarterly dividend on Tuesday, December 19th, NASDAQ reports. Investors of record on Friday, December 29th will be given a dividend of 0.15 per share by the real estate investment trust on Friday, January 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, December 28th.
Altisource Residential has increased its dividend payment by an average of 16.3% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Altisource Residential has a payout ratio of -17.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Altisource Residential (NYSE:RESI) traded up $0.01 during midday trading on Wednesday, hitting $11.93. The stock had a trading volume of 187,721 shares, compared to its average volume of 488,241. The firm has a market cap of $636.04, a PE ratio of -3.06 and a beta of 1.95. Altisource Residential has a one year low of $10.37 and a one year high of $15.66.
Altisource Residential Company Profile
Altisource Residential Corporation is a real estate investment trust (REIT). The Company focuses on acquiring, owning and managing single-family rental (SFR) properties throughout the United States. The Company conducts its activities through its subsidiary, Altisource Residential, L.P., and its subsidiaries.
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