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Cash Dividend On The Way From Anworth Mortgage Asset Corp.'s 6.25% Series B Cumulative Convertible Preferred Stock


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On 9/28/17, 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 10/16/17. As a percentage of ANH.PRB's recent share price of $30.05, this dividend works out to approximately 1.30%, so look for shares of ANH.PRB to trade 1.30% lower - all else being equal - when ANH.PRB shares open for trading on 9/28/17. On an annualized basis, the current yield is approximately 5.22%, which compares to an average yield of 6.49% 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 2.04% 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 up about 0.4% on the day, while the common shares (Symbol: ANH) are up about 0.5%.

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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