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

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

Atlantic American Price Performance

NASDAQ AAME traded down $0.05 during trading on Wednesday, hitting $1.73. 20,263 shares of the company’s stock traded hands, compared to its average volume of 5,382. The firm has a market cap of $35.29 million, a P/E ratio of -4.94 and a beta of 0.58. The stock has a fifty day moving average of $1.55 and a two-hundred day moving average of $1.58. Atlantic American has a 12-month low of $1.25 and a 12-month high of $2.84.

Atlantic American (NASDAQ:AAME) last announced its quarterly earnings results on Tuesday, March 25th. The financial services provider reported ($0.04) EPS for the quarter. The company 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%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Atlantic American in a report on Wednesday. They issued a “hold” rating on the stock.

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.