Capstead Mortgage Keeps Dividend Steady

Agency mortgage real estate investment trust Capstead Mortgage (NYSE: CMO  ) announced this morning its second-quarter dividend of $0.31 per share, the same rate it paid last quarter.

The board of directors said the quarterly dividend is payable on July 19 to the holders of record at the close of business on June 28. The mREIT has made payouts to investors since 1990.

The board also announced an initial dividend of $0.32292 per share on the mREIT's 7.50% Series E cumulative redeemable preferred stock that trades on the NYSE under the symbol CMOPRE for the period between May 13 through July 14. The payout will be payable on July 15 to the holders of record on June 28.

The regular dividend payment equates to a $1.24-per-share annual dividend, yielding 9.9% based on the closing price of Capstead Mortgage's stock on June 12.

Capstead invests in mortgages issued and guaranteed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, as well as government agencies like Ginnie Mae.

CMO Dividend Chart

CMO Dividend data by YCharts

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2489124, ~/Articles/ArticleHandler.aspx, 3/29/2015 6:45:24 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!