Arlington Asset Investment Corp (NYSE:AI) had declared a cash dividend of $0.6250 on Sep 15, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 15, 2016 share price, the yield comes out to be 16.8577%. The dividend payable date has been fixed on Oct 31, 2016.
Arlington Asset Investment Corp (AI) shares turned negative on Tuesdays trading session with the shares closing down -0.05 points or -0.33% at a volume of 1,59,712. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.13. The peak price level was also seen at $15.13 while the days lowest was $14.94. Finally the shares closed at $14.95. The 52-week high of the shares is $16.13 while the 52-week low is $9.42. According to the latest information available, the market cap of the company is $344 M.
Arlington Asset Investment Corp(AI) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $19.65M. Analysts had an estimated revenue of $21.13M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.69.
Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Eric F Billings (Executive Chairman) purchased 18,516 shares at $13.58 per share price.Also, On May 23, 2016, J Rock Jr Tonkel (CEO) purchased 17,500 shares at $12.38 per share price.On Feb 11, 2016, Daniel E Berce (director) purchased 10,000 shares at $11.21 per share price, according to the Form-4 filing with the securities and exchange commission.
Arlington Asset Investment Corp. is a principal investment firm that acquires and holds primarily mortgage-related assets and holds certain other assets. The Company acquires residential mortgage-backed securities (MBS) either issued by the United States Government agencies or guaranteed as to principal and interest by the United States Government agencies or United States government-sponsored entities (agency-backed MBS). The Company acquires and holds non-agency or private-label MBS. Private-label MBS are MBS that are not issued or guaranteed by a United States Government agency or a government-sponsored entity (GSE) such as Fannie Mae or Freddie Mac. The private-label MBS in which the Company invests are generally backed by a pool of single-family residential mortgage loans. The Company manages its portfolio of mortgage holdings with the goal of obtaining a high risk-adjusted return on capital.