Armada Mortgage Corporation News Releases

Armada Mortgage Corp. Announces Highest Annual Yield in Company History

Mon, 15 Apr 2024 16:34:00 -0400

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...

Armada Mortgage Corp. Announces Increase in Dividend

Mon, 05 Feb 2024 13:20:00 -0500

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...

Armada Mortgage Corp. Announces Increase in Dividend

Tue, 01 Aug 2023 18:00:00 -0400

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 has...

Armada Mortgage Corp. Announces Increase in Dividend

Wed, 17 May 2023 16:23:00 -0400

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. The...