Atlantic American Co. (NASDAQ:AAME) Plans $0.02 Annual Dividend

Atlantic American Co. (NASDAQ:AAME) announced an annual dividend on Wednesday, March 26th, Wall Street Journal reports. Investors of record on Wednesday, April 9th will be paid a dividend of 0.02 per share by the financial services provider on Wednesday, April 23rd. This represents a yield of 1.1%. The ex-dividend date is Wednesday, April 9th.

Atlantic American Stock Performance

Shares of NASDAQ AAME traded down $0.05 during midday trading on Wednesday, hitting $1.73. 20,263 shares of the stock traded hands, compared to its average volume of 5,382. The business has a 50 day moving average price of $1.55 and a two-hundred day moving average price of $1.58. Atlantic American has a one year low of $1.25 and a one year high of $2.84. The company has a market cap of $35.29 million, a PE ratio of -4.94 and a beta of 0.58.

Atlantic American (NASDAQ:AAME) last posted its earnings results on Tuesday, March 25th. The financial services provider reported ($0.04) earnings per share for the quarter. The business had revenue of $49.04 million during the quarter. Atlantic American had a negative return on equity of 8.17% and a negative net margin of 3.72%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Atlantic American in a research report on Wednesday. They issued a “hold” rating for the company.

Atlantic American Company Profile

Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability; and inland marine insurance products.