Hatteras Financial Cuts Common Stock Dividend

Hatteras Financial's (NYSE: HTS  ) common stock shareholders will have to adjust to a smaller distribution from the mortgage REIT. The company has declared a Q3 dividend of $0.55 per share for that security, to be handed out on Oct. 25 to shareholders of record as of Sept. 30. That amount is $0.15, or 21%, lower than each of Hatteras Financial's three preceding disbursements of $0.70 apiece.

Meanwhile, the company declared a distribution of $0.4765625 per share of its series A preferred stock. This will be paid on Oct. 15 to holders of record as of Sept. 30.

The new common stock dividend annualizes to $2.20 per share. That yields 11.2% at Hatteras Financial's most recent closing stock price of $19.66.


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.

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: 2644407, ~/Articles/ArticleHandler.aspx, 10/22/2014 10:42:36 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