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Firm Capital Mortgage Investment's Q4 Profit Rises; Declares Monthly Cash Dividend
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Firm Capital Mortgage Investment's Q4 Profit Rises; Declares Monthly Cash Dividend
Mar 21, 2024 5:12 AM

07:33 AM EDT, 03/21/2024 (MT Newswires) -- Firm Capital Mortgage Investment Corp. ( FCMGF ) overnight Wednesday reported fourth-quarter earnings of $8.3 million, or $0.242 per basic share, up from $8 million, or $0.231 per diluted share, a year earlier.

Operating revenue for the quarter ended Dec. 31, 2023, was $18.1 million, up from $17.5 million a year earlier.

The company's board has declared a monthly cash dividend of $0.078. With the record date of April 30, the payment date is May 15.

With the record date of May 31, the payment date is June 17. For the record date of June 28, the payment date is July 15.

The company's Investment Portfolio decreased by $63 million to $598.1 million as at Dec. 31, 2023, down from $661 million as at Dec. 31, 2022.

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