Armada Mortgage Corp. Announces Highest Annual Yield in Company History
Langley, British Columbia--(Newsfile Corp. - April 15, 2024) - Armada Mortgage Corp. ("Armada" or "The Company") is pleased to announce a record high year-end net yield following the completion of the 2023 audited financials.The annual net yield is 8.81% for shares with the interim dividend accrued, and 8.61% for shares with the interim dividend paid out. The simple average rate of return for The Company has increased to 6.94%, up from 6.84%, and assets under management exceed $52M.The 2023...
2024-04-15 4:34 PM EDT
Armada Mortgage Corp. Announces Increase in Dividend
Langley, British Columbia--(Newsfile Corp. - February 5, 2024) - Armada Mortgage Corp. ("Armada" or "The Company") is pleased to announce a monthly dividend increase to 7.50% in response to The Company's steady growth, effective immediately. Shareholders have the option to have dividends paid out as income or have them DRIP (Dividend Reinvestment Plan) and converted into shares. Armada's total Assets Under Management (AUM) as of December 31, 2023, had increased 14.75% since the same date in...
2024-02-05 1:20 PM EST
Armada Mortgage Corp. Announces Increase in Dividend
Langley, British Columbia--(Newsfile Corp. - August 1, 2023) - Armada Mortgage Corp. ("Armada" or "The Company") is pleased to announce a monthly dividend increase to 7.25% in response to The Company's steady growth, effective immediately. Shareholders have the option to have dividends paid out or have them DRIP (Dividend Reinvestment Plan) and converted into shares.The Company had a busy second quarter, with assets under management surpassing $50 Million. The average weighted loan-to-value...
2023-08-01 6:00 PM EDT
Armada Mortgage Corp. Announces Increase in Dividend
Langley, British Columbia--(Newsfile Corp. - May 17, 2023) - Armada Mortgage Corp. ("Armada" or "The Company) is pleased to announce a monthly dividend increase to 6.5% in response to The Company's steady growth. Shareholders have the option to have dividends paid out or have them DRIP (Dividend Reinvestment Plan) and converted into shares. Armada's net yield for 2022 was 7.35% for shares with dividends accruing, bringing the historical average to 6.84% since The Company's inception in 2003....
2023-05-17 4:23 PM EDT
Armada Mortgage Corp. Announces Increase in Dividend
Langley, British Columbia--(Newsfile Corp. - February 6, 2023) - Armada Mortgage Corp. ("Armada" or the "Company") is pleased to announce a monthly dividend increase to 6% in response to the company's steady growth. Shareholders have the option to have dividends paid out or DRIP (Dividend Reinvestment Plan) and converted into shares. As of February 1st, Armada's Assets Under Management ("AUM") are nearing $48 million, with a growth of 16% over the last year. The Company's current average...
2023-02-06 2:39 PM EST
Armada Mortgage Corp. Announces Increase in Dividend
Langley, British Columbia--(Newsfile Corp. - November 24, 2022) - Armada Mortgage Corp. ("Armada") is pleased to announce a monthly dividend increase to 5.85% in response to the company's steady growth. At year end, shareholders have the option to have retained earning paid out or DRIP and converted into shares.Armada's portfolio has been steadily increasing throughout the year, with the mortgage portfolio sitting at $46.7 million as of September 30, 2022, including $9.74 million in new...
2022-11-24 7:10 PM EST