Armada Mortgage Corp. Announces Increase in Dividend
Langley, British Columbia--(Newsfile Corp. - November 24, 2022) - Armada Mortgage Corp. ("Armada") is pleased to announce a monthly dividend increase to 5.85% in response to the company's steady growth.
- Langley, British Columbia--(Newsfile Corp. - November 24, 2022) - Armada Mortgage Corp. ("Armada") is pleased to announce a monthly dividend increase to 5.85% in response to the company's steady growth.
- Armada's portfolio has been steadily increasing throughout the year, with the mortgage portfolio sitting at $46.7 million as of September 30, 2022, including $9.74 million in new fundings.
- Currently, Armada is lending on 13.95% more mortgages than at the same time last year.
- Armada Mortgage Corporation is a Mortgage Investment Corporation ("MIC") and alternative lender and exempt market product.