Anworth Keeps Dividend Steady

REIT has made quarterly payouts to investors since 1998 but has been cutting the dividend in recent periods

By Rich Duprey – Jun 29, 2013 at 9:30PM EST

Externally managed REIT Anworth Mortgage Asset (ANH +0.00%) announced yesterday its second-quarter dividend of $0.15 per share, the same rate it's paid for the past three quarters after cutting the payout 17% from $0.18 per share. The quarter before that, the REIT had cut the dividend 14% more.

The board of directors said the quarterly dividend is payable on July 29 to the holders of record at the close of business on July 8. The real estate investment trust has made quarterly payouts to investors since 1998.

The regular dividend payment equates to a $0.60-per-share annual dividend, yielding 10.7% based on the closing price of Anworth Mortgage Asset's stock on June 28.

ANH Dividend data by YCharts

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Anworth Keeps Dividend Steady

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