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Cash Dividend On The Way From American Capital Mortgage Investment Series A Cumulative Redeemable Preferred Stock

On 9/29/15, American Capital Mortgage Investment Corp.'s 8.125% Series A Cumulative Redeemable Preferred Stock (Symbol: MTGEP) will trade ex-dividend, for its quarterly dividend of $0.5078, payable on 10/15/15. As a percentage of MTGEP's recent share price of $24.90, this dividend works out to approximately 2.04%, so look for shares of MTGEP to trade 2.04% lower - all else being equal - when MTGEP shares open for trading on 9/29/15. On an annualized basis, the current yield is approximately 8.17%, which compares to an average yield of 7.12% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of MTGEP shares, versus MTGE:

Performance Comparison Chart

Below is a dividend history chart for MTGEP, showing historical dividends prior to the most recent $0.5078 on American Capital Mortgage Investment Corp.'s 8.125% Series A Cumulative Redeemable Preferred Stock:

MTGEP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, American Capital Mortgage Investment Corp. (Symbol: MTGE) makes up 3.25% of the SuperDividend REIT ETF ( SRET ) which is trading higher by about 0.5% on the day Friday.

In Friday trading, American Capital Mortgage Investment Corp.'s 8.125% Series A Cumulative Redeemable Preferred Stock (Symbol: MTGEP) is currently up about 0.1% on the day, while the common shares (Symbol: MTGE) 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.


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

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