Capstead Mortgage Corporation (NYSE:CMO) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.19 per share by the real estate investment trust on Friday, October 20th. This represents a $0.76 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date of this dividend is Thursday, September 28th.

Capstead Mortgage Corporation has decreased its dividend by an average of 7.3% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Capstead Mortgage Corporation has a dividend payout ratio of 105.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Capstead Mortgage Corporation to earn $0.75 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 112.0%.

Shares of Capstead Mortgage Corporation (CMO) traded up 0.053% on Thursday, reaching $9.425. The company’s stock had a trading volume of 607,722 shares. The company has a market cap of $905.78 million, a P/E ratio of 15.451 and a beta of 0.36. Capstead Mortgage Corporation has a 52-week low of $8.93 and a 52-week high of $11.41. The company has a 50 day moving average price of $9.70 and a 200 day moving average price of $10.37.

Capstead Mortgage Corporation (NYSE:CMO) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.06). The business had revenue of $56.34 million for the quarter, compared to analyst estimates of $26.13 million. Capstead Mortgage Corporation had a return on equity of 7.31% and a net margin of 35.05%. During the same period in the previous year, the business posted $0.19 EPS. On average, analysts anticipate that Capstead Mortgage Corporation will post $0.75 earnings per share for the current fiscal year.

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CMO has been the topic of several recent research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 price target on shares of Capstead Mortgage Corporation in a research note on Tuesday, May 30th. BidaskClub raised Capstead Mortgage Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Zacks Investment Research raised Capstead Mortgage Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Capstead Mortgage Corporation has a consensus rating of “Hold” and an average price target of $11.00.

Capstead Mortgage Corporation 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).

Dividend History for Capstead Mortgage Corporation (NYSE:CMO)

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