Another 6.6 million Americans — including more than 270,000 in D.C., Maryland and Virginia — filed initial U.S. unemployment claims last week, extending the economic crisis related to the coronavirus pandemic.
AI earnings call for the period ending June 30, 2019.
Arlington Asset Investment Corp. (NYSE: AI) (the "Company") today announced that its Board of Directors authorized a quarterly dividend of $0.4375 per share of its 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock (NYSE: AI PrB) (the "Series B Preferred Stock") and a quarterly dividend of $0.515625 per share of its 8.250% Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (NYSE: AI PrC) (the "Series C Preferred Stock") for the fourth quarter of 2019. Dividends for the Series B Preferred Stock and Series C Preferred Stock will both be payable on December 30, 2019 to shareholders of record on December 16, 2019. The tax characterization to shareholders of the distribution will be determined after the end of the calendar year and will be reported to shareholders on Form 1099-DIV.
I am projecting AGNC will report a very severe BV decrease for the first quarter of 2020. All sector peers will experience varying severities of decreases. This projection is mainly due to notable net valuation losses within AGNC’s derivatives portfol…
D.C. Mayor Muriel Bowser on Sunday ordered the shutdown of the Maine Avenue Fish Market in Southwest after large crowds defied social-distancing orders and congregated in the open-air market on Saturday. Ernest Charappah, the director of the D.C. Department of Consumer and Regulatory Affairs, tweeted Sunday the closure will remain in effect until “an acceptable social distancing plan” is submitted to his department. Billy White, owner of Captain White's Seafood City at the municipal market, told NBC Washington that security was hired to maintain order.
Shares of Arlington Asset Investment (NYSE:AI) moved higher by 1.1% after the company reported Q1 results.Quarterly Results Earnings per share were down 46.88% year over year to $0.17, which beat the estimate of $0.15.Revenue of $9,141,000 higher by 15.46% from the same period last year, which beat the estimate of $4,720,000.Looking Ahead Arlington Asset hasn't issued any earnings guidance for the time being.View more earnings on AIArlington Asset hasn't issued any revenue guidance for the time being.Technicals 52-week high: $7.68Company's 52-week low was at $1.40Price action over last quarter: down 58.39%Company Profile Arlington Asset Investment Corp is a U.S. based principal investment company. The company holds a leveraged MBS investment portfolio, including Agency MBS, private-label MBS, private-label interest-only MBS, and net long TBA positions, with Agency MBS accounting for the majority of total investment capital. Agency MBS consists of residential mortgage pass-through certificates, for which the U.S. government agency and government-sponsored enterprise guarantee the principal and interest payments. The company generates the majority of its total interest income from Agency MBS, with the rest from private-label MBS and other investments. The company focuses its business in the United States.See more from Benzinga * Recap: Seacor Marine Q1 Earnings * Recap: FreightCar America Q1 Earnings * AutoNation: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Arlington Asset Investment Corp. (NYSE: AI) (the "Company") announced today that the Company will release results for the fourth quarter and full year ended December 31, 2019 before the market opens on Tuesday, February 18, 2020 and will hold a conference call for investors at 10:00 A.M. Eastern Time that day to discuss the results.
Nearly 100 members of the U.S. House signed a letter Thursday urging that D.C. receive the full funding allocated to states in the $2.2 trillion economic stimulus legislation related to the coronavirus pandemic. The letter from Rep. Jamie Raskin, D-Md., said the decision to group the District with U.S. territories instead of states in the Senate-led Coronavirus Aid, Relief and Economic Security Act was a “scandalous departure from practice that dramatically increases health risks” for those who live and work in the District, including members of Congress, their staffs and families. “There is no principled reason to abandon the customary practice of grouping the District with the states when it comes to the state aid grants in the CARES Act, and there are urgently compelling public health reasons to correct this affront to the local community,” says the letter, which was sent to House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif. The legislation splits up $3 billion in emergency funding between D.C. and five U.S. territories based on population, allocating about $500 million to the District.
Arlington Asset Investment Corp. (NYSE: AI) (the "Company") announced today that the Company will release results for the first quarter ended March 31, 2020 before the market opens on Monday, May 11, 2020 and will hold a conference call for investors at 10:00 A.M. Eastern Time that day to discuss the results.
Is Arlington Asset Investment Corp (NYSE:AI) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise […]
Arlington Asset Investment Corp. (NYSE: AI) (the "Company") today announced that its Board of Directors authorized a quarterly dividend of $0.225 per share of common stock for the fourth quarter of 2019. The dividend will be payable on February 3, 2020 to common shareholders of record on December 31, 2019. This dividend is consistent with the Company's variable dividend policy pursuant to which the Board of Directors evaluates dividends on a quarterly basis and, in its sole discretion, may approve the payment of dividends.
LOS ANGELES, May 26, 2020 /PRNewswire/ -- Sanwire Corporation, ("Sanwire" or "the Company") (OTC: SNWR), a diversified company focused on technologies for the entertainment industry, and its wholly owned subsidiary Intercept Music, Inc. ("Intercept") announce…
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
Karen S. Wells, a nationally-recognized business and community leader, has been named CEO of Bridge Communities, which provides housing, mentoring and supportive services to homeless families in DuPage County. Wells will assume this role on June 1, 2020, brin…
Arlington Asset Investment Corp. (NYSE: AI) (the "Company") today announced that its Board of Directors authorized a quarterly dividend of $0.4375 per share of its 7.00% Series B Cumulative Perpetual Redeemable Preferred Stock (NYSE: AI PrB) (the "Series B Preferred Stock") and a quarterly dividend of $0.515625 per share of its 8.250% Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (NYSE: AI PrC) (the "Series C Preferred Stock") for the first quarter of 2020. Dividends for the Series B Preferred Stock and Series C Preferred Stock will both be payable on March 30, 2020 to shareholders of record on February 28, 2020. The tax characterization to shareholders of the distribution will be determined after the end of the calendar year and will be reported to shareholders on Form 1099-DIV.
Arlington Asset Investment Corp. (NYSE: AI) (the "Company") today announced that the Company has determined not to declare a first quarter 2020 common stock dividend in order to preserve liquidity as a result of volatile market conditions related to the COVID-19 pandemic. In addition, the declaration and payment of future dividends on its common stock, 7.00% Series B Cumulative Perpetual Redeemable Stock (NYSE: AI PrB) and 8.250% Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (NYSE: AI PrC) will be evaluated at a future date.
This is Rich Konzmann, Chief Financial Officer of Arlington Asset. Before we begin this morning's call, I would like to remind everyone that statements concerning future financial or business performance, market conditions, business strategies or expectations, and any other guidance on present or future periods constitute forward-looking statements that are subject to a number of factors, risks and uncertainties that might cause actual results to differ materially from stated expectations or current circumstances.
Arlington Asset Investment Corp. (NYSE: AI) (the "Company" or "Arlington") today reported net income available to common shareholders of $26.6 million, or $0.72 per diluted common share, and non-GAAP core operating income of $6.5 million, or $0.18 per diluted common share, for the quarter ended December 31, 2019. A reconciliation of non-GAAP core operating income to GAAP net income (loss) appears at the end of this press release.
On 4/29/2020, AGNC reported results for the first quarter of 2020. AGNC reported a comprehensive loss of ($1.98) billion and a non-tangible BV as of 3/31/2020 of $14.55 per common.In this article, I will discuss my previous account projections versus actual r…
GLEN ELLYN, Ill., May 19, 2020 /PRNewswire/ -- Karen S. Wells, a nationally-recognized business and community leader, has been named CEO of Bridge Communities, which provides housing, mentoring and supportive services to homeless families in DuPage County. We…