About Great Ajax Corp. 7.25 CV SR NT 24 (AJXA) — Dividend Analysis 2026
Great Ajax Corp. is a real estate investment trust company, which engages in acquiring, investing in, and managing mortgage loans secured by single-family residences and, to a lesser extent, single-family properties themselves. It also invests in loans secured by multi-family residential and smaller commercial. The company was founded on January 30, 2014 and is headquartered in Tigard, OR.
Is AJXA a good dividend investment in 2026?
AJXA offers a 7.98% forward yield with a 50% payout ratio. Strand Safety Score: 15/100 (Critical Risk). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
AJXA DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your AJXA portfolio grows to $21.04 vs $806.75 without reinvestment. This is the compound interest effect in action.
AJXA dividend growth history & forecast
AJXA has grown its dividend by 0% over the last year and -50% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 7.98%.
FCF ($290,000) is below dividends paid ($11M) — risk of cut (FCF: $290,000 · Dividends est.: $11M)
Debt Leverage
0 / 30 pts
0/30
Company not generating EBITDA — debt servicing risk is elevated
Earnings Momentum-0.0B → -0.1B → -0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
High risk of dividend cut — weak fundamentals across multiple factors.
STRAND SCORE
15
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 AJXA Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold AJXA.
Gross yield
7.98%
Tax rate
15.00%
After-tax yield
6.78%
Real yield (−CPI)
3.98%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
7.98%
5.18%
$798 / yr
🇺🇸 US Taxable (15%) ✓
15%
6.78%
3.98%
$678 / yr
🇺🇸 US Taxable (20%)
20%
6.38%
3.58%
$638 / yr
🇬🇧 UK ISA
0%
7.98%
5.18%
$798 / yr
🇬🇧 UK Taxable
8.75%
7.28%
4.48%
$728 / yr
🇨🇦 TFSA
0%
7.98%
5.18%
$798 / yr
🇨🇦 CA Taxable
25%
5.99%
3.19%
$599 / yr
🇦🇺 Super (pension)
15%
6.78%
3.98%
$678 / yr
🇦🇺 AU Taxable
30%
5.59%
2.79%
$559 / yr
🇩🇪 DE Taxable
26.375%
5.88%
3.08%
$588 / yr
🇫🇷 FR Taxable
30%
5.59%
2.79%
$559 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 AJXA Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your AJXA investment of $25.07/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$726.06
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-1746.23
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in AJXA for:
Shares needed
14,118
Capital required
$353,938
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 AJXA Dividend Payment Schedule
AJXA pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 AJXA vs Real Estate Benchmarks
How AJXA compares to typical Real Estate averages.
Benchmark: Real Estate
Dividend Yield▲+2.78% vs sectorBetter
AJXA
7.98%
avg
5.20%
5Y Dividend CAGR▼-54.10% vs sectorBelow avg
AJXA
-50.00%
avg
4.10%
Payout Ratio▲-28.00% vs sectorBetter
AJXA
50.00%
avg
78.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for AJXA sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ AJXA Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
0.03
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
3/9
🔴 Weak fundamentals — dividend safety concern
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the AJXA dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →