Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Anworth Mortgage Asset Corp.
So what: First, the company announced a $0.23-per-share dividend -- $0.02 lower than in previous quarters -- at about 8:30 a.m. Eastern. Nine hours later, management announced the buyback.
Now what: To be fair, Anworth isn't the only REIT taking a beating. Annaly Capital Management
Interested in more info on Anworth Mortgage Asset? Add it to your watchlist.
Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn’t own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
The Motley Fool owns shares of Annaly Capital Management. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.