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Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock Ex-Dividend Reminder


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On 12/28/16, 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 1/17/17. As a percentage of ANH.PRB's recent share price of $25.85, this dividend works out to approximately 1.51%, so look for shares of ANH.PRB to trade 1.51% lower - all else being equal - when ANH.PRB shares open for trading on 12/28/16. On an annualized basis, the current yield is approximately 6.01%, which compares to an average yield of 7.08% 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 1.65% of the Mortgage REIT Income ETF ( MORT ) 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 down about 0.6% on the day, while the common shares (Symbol: ANH) are off about 0.6%.

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: MORT , ANH.PRB , ANH



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