Capstead Mortgage Co. (NYSE:CMO) declared a quarterly dividend on Thursday, March 15th, NASDAQ reports. Investors of record on Thursday, March 29th will be given a dividend of 0.16 per share by the real estate investment trust on Friday, April 20th. This represents a $0.64 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date of this dividend is Wednesday, March 28th.
Capstead Mortgage has decreased its dividend payment by an average of 14.2% per year over the last three years. Capstead Mortgage has a payout ratio of 95.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.
CMO traded up $0.02 during trading on Friday, hitting $8.70. 810,242 shares of the stock traded hands, compared to its average volume of 669,326. The company has a market cap of $812.01, a P/E ratio of 13.56 and a beta of 0.09. The company has a debt-to-equity ratio of 12.58, a current ratio of 12.11 and a quick ratio of 12.11. Capstead Mortgage has a twelve month low of $8.17 and a twelve month high of $11.41.
Capstead Mortgage (NYSE:CMO) last issued its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $22.70 million for the quarter, compared to analysts’ expectations of $24.55 million. Capstead Mortgage had a net margin of 34.10% and a return on equity of 7.56%. Capstead Mortgage’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share.
CMO has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $9.50 price objective on shares of Capstead Mortgage in a research report on Friday, February 2nd. ValuEngine lowered shares of Capstead Mortgage from a “buy” rating to a “hold” rating in a report on Monday, April 2nd.
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Capstead Mortgage Company Profile
Capstead Mortgage Corporation operates as a self-managed real estate investment trust (REIT). The Company manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae).
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