Anworth Mortgage Asset Corporation (NYSE:ANH) stock trading down


Dallas, Texas 10/07/2013 (Financialstrend) – Anworth Mortgage Asset Corporation (NYSE:ANH) declared its fourth quarter dividend payout plan for its preferred stock share holders on October 3. Series A preferred stock holders will earn $0.539 per each share of stock they won. Series A stock make up 8.625% of the total preferred stock issued by the REIT. On the same lines a dividend of 0.39 will be paid out to share holders owning Series B preferred stock. The dividend will be paid out for both series of preferred stock share holders who are on company record as of December 31. The payout date is January 15.

In related news, on September 30 the company had announced its dividend payout plan for shareholders of its common stock. As per the timetable announced a dividend of $0.12 per share is to be paid out to its share holders on record as of October 10. Pay out date is fixed as October 29.

Like other companies operating in the REIT sector, Anworth has also reduced its dividend payout thanks to the no taper signal from Fed last month. 3Q dividend payout is 20% lesser compared to the $0.15 per share the firm had been paying out per quarter over the preceding four quarters.

Over the past 12 months trailing period, Anworth has ploughed back $0.6 per share as dividend. That translates to a forward yield of 12.9% per share and compares favourably with other REIT company dividend payouts.  With a $669 million market cap, Anworth has totalled $86 million in net income. It has close to 144 million shares outstanding with institutional investors owning 61% of the stock.

As of October 4, the share price of the stock is trading 24.7% down from its 52 week high valuation and on the announcement of the dividend payout plan the stock close to 4.1% during last week’s trading.