Quantcast

Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock About To Put More Money In Your Pocket


Shutterstock photo

On 12/28/17, Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock (Symbol: ANH.PRB) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 1/16/18. As a percentage of ANH.PRB's recent share price of $27.80, this dividend works out to approximately 1.40%, so look for shares of ANH.PRB to trade 1.40% lower - all else being equal - when ANH.PRB shares open for trading on 12/28/17. On an annualized basis, the current yield is approximately 5.62%, which compares to an average yield of 6.39% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of ANH.PRB shares, versus ANH:

Performance Comparison Chart

Below is a dividend history chart for ANH.PRB, showing historical dividends prior to the most recent $0.3906 on Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock :

ANH.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Anworth Mortgage Asset Corp. (Symbol: ANH) makes up 1323.91% of the PowerShares FTSE RAFI US 1500 Small-Mid Portfolio ETF ( PRFZ ) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock (Symbol: ANH.PRB) is currently trading flat on the day, while the common shares (Symbol: ANH) are up about 1.1%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing
Referenced Symbols: PRFZ , ANH.PRB , ANH



More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing










Research Brokers before you trade

Want to trade FX?