AG Mortgage lowers quarterly dividend to 18c from 21c

AG Mortgage Investment Trust announced this morning that its board declared a dividend of 18c per common share for Q4. The dividend is payable on January 31, 2023 to shareholders of record at the close of business on December 30, 2022. During the fourth quarter and through the date of the press release, the company repurchased 0.8M shares of its common stock at a cost of $4.4M. As of the date of the press release, $8.3M of common stock remained authorized for future common stock repurchases under the company’s 2022 stock repurchase program.