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Anworth Mortgage Asset Series B Cumulative Convertible Preferred Stock Goes Ex-Dividend Soon

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Shutterstock photo

Shutterstock photo

On 6/28/16, 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 7/15/16. As a percentage of ANH.PRB's recent share price of $22.91, this dividend works out to approximately 1.70%, so look for shares of ANH.PRB to trade 1.70% lower - all else being equal - when ANH.PRB shares open for trading on 6/28/16. On an annualized basis, the current yield is approximately 6.82%, which compares to an average yield of 6.93% 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 1.51% of the Mortgage REIT Income ETF ( MORT ) which is trading relatively unchanged on the day Friday.

In Friday 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 0.2%.

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.


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

In This Story

ANH MORT ANH.PRB

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