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

Atlantic American Co. (NASDAQ:AAME) announced an annual dividend on Wednesday, March 26th, Wall Street Journal reports. Stockholders 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 dividend yield of 1.1%. The ex-dividend date is Wednesday, April 9th.

Atlantic American Trading Down 2.8 %

Atlantic American stock opened at $1.73 on Thursday. The stock has a market cap of $35.29 million, a PE ratio of -4.94 and a beta of 0.58. The stock has a 50-day moving average price of $1.55 and a 200 day moving average price of $1.58. Atlantic American has a 52 week low of $1.25 and a 52 week high of $2.84.

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Atlantic American in a report on Wednesday. They set a “hold” rating on the stock.

About Atlantic American

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.