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 dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, March 28th.
CAPSTEAD MTG CO/SH has decreased its dividend by an average of 21.1% annually over the last three years. CAPSTEAD MTG CO/SH has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings.
Shares of NYSE CMO opened at $8.48 on Friday. The firm has a market cap of $710.89 million, a price-to-earnings ratio of 24.44 and a beta of 0.64. CAPSTEAD MTG CO/SH has a 52-week low of $6.58 and a 52-week high of $9.37. The company has a debt-to-equity ratio of 13.71, a current ratio of 8.90 and a quick ratio of 8.90.
CAPSTEAD MTG CO/SH (NYSE:CMO) last issued its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). The company had revenue of $73.53 million for the quarter. CAPSTEAD MTG CO/SH had a net margin of 18.10% and a return on equity of 5.66%.
In other CAPSTEAD MTG CO/SH news, Director John L. Bernard purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was acquired at an average cost of $7.51 per share, with a total value of $150,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.
A number of brokerages have issued reports on CMO. Keefe, Bruyette & Woods raised CAPSTEAD MTG CO/SH from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $7.00 to $8.50 in a report on Sunday, February 24th. JMP Securities raised CAPSTEAD MTG CO/SH from an “underperform” rating to a “market perform” rating in a report on Thursday, February 14th.
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About CAPSTEAD MTG CO/SH
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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