Capstead Mortgage Declares Dividend

By Associated Press March 11, 2008 Comments (0)

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Capstead Mortgage Corp., a real estate investment trust, said Tuesday its board of directors approved a quarterly dividend of 52 cents per share.

The dividend will be paid April 21 to shareholders of record on March 31.

The new dividend is more than double the previous dividend of 24 cents per share.

Capstead was able to increase the dividend because improved finance spreads to purchase mortgage-backed securities throughout the quarter have boosted business, Andrew F. Jacobs, Capstead Mortgage's president and chief executive, said in a statement.

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DocumentId: 595383, ~/articles/articlehandler.aspx, 7/9/2008 9:20:14 AM, No ticker

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