Apollo Residential Sets Preferred and Common Dividends

Residential mortgage-backed securities REIT Apollo Residential Mortgage (NYSE: AMTG  ) announced yesterday its second-quarter dividend of $0.70 per share, the same rate it's paid for the past three quarters after lowering the payout almost 18% from $0.85 per share.

The board of directors said the quarterly dividend is payable on July 31 to the holders of record at the close of business on June 28. The mREIT has made quarterly payouts to investors since 2011. It paid a special dividend of $0.35 per share in January.

The board also announced a cash dividend on Apollo's 8.00% Series A cumulative redeemable perpetual preferred stock of $0.50 per share, also payable on July 31 to the holders of record at the close of business on June 28. The preferred shares trade on the NYSE under the symbol AMTG-PA. 

The regular dividend payment equates to a $2.80-per-share annual dividend, yielding 15.5% based on the closing price today of Apollo Residential Mortgage's stock.

AMTG Dividend Chart

AMTG Dividend data by YCharts


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

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.

DocumentId: 2496943, ~/Articles/ArticleHandler.aspx, 7/25/2014 8:04:45 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...


Advertisement