Quantcast

Anworth Mortgage Asset Corp.'s Series B Cumulative Convertible Preferred Stock Shares Cross 5.5% Yield Mark


Shutterstock photo

In trading on Friday, shares of Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock (Symbol: ANH.PRB) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $28.02 on the day. This compares to an average yield of 6.34% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, ANH.PRB was trading at a 16.28% premium to its liquidation preference amount, versus the average premium of 3.36% in the "Real Estate" category. It should be noted that the preferred shares are convertible , with a conversion ratio of 2.3809.

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 dividend payments on Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock :

ANH.PRB+Dividend+History+Chart

In Friday trading, Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock (Symbol: ANH.PRB) is currently off about 2.8% on the day, while the common shares (Symbol: ANH) are up about 0.7%.

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 , Investing Ideas
Referenced Symbols: 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?