CAPSTEAD MTG CO/SH (NYSE:CMO) declared a quarterly dividend on Thursday, March 14th, NASDAQ reports. Shareholders of record on Friday, March 29th will be paid a dividend of 0.08 per share by the real estate investment trust on Thursday, April 18th. This represents a $0.32 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, March 28th.
CAPSTEAD MTG CO/SH has decreased its dividend payment by an average of 21.1% annually over the last three years. CAPSTEAD MTG CO/SH has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings.
Shares of NYSE CMO opened at $8.48 on Friday. CAPSTEAD MTG CO/SH has a one year low of $6.58 and a one year high of $9.37. The company has a current ratio of 8.90, a quick ratio of 8.90 and a debt-to-equity ratio of 13.71. The company has a market cap of $710.89 million, a price-to-earnings ratio of 24.44 and a beta of 0.64.
A number of analysts have recently weighed in on the company. JMP Securities raised CAPSTEAD MTG CO/SH from an “underperform” rating to a “market perform” rating in a research note on Thursday, February 14th. Keefe, Bruyette & Woods upgraded CAPSTEAD MTG CO/SH from an “underperform” rating to a “market perform” rating and raised their price target for the company from $7.00 to $8.50 in a report on Sunday, February 24th.
In other news, Director John L. Bernard purchased 20,000 shares of the business’s stock in a transaction on Monday, February 4th. The stock was acquired at an average cost of $7.51 per share, for a total transaction of $150,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.
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CAPSTEAD MTG CO/SH Company Profile
Capstead Mortgage Corp. operates as a self-managed real estate investment trust. It invests in a leveraged portfolio of residential mortgage pass-through securities consisting of adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.
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