Capstead Mortgage Corporation (NYSE:CMO) had declared a cash dividend of $0.2300 on Sep 15, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 15, 2016 share price, the yield comes out to be 9.3782%. The dividend payable date has been fixed on Oct 20, 2016.
In a different note, On Aug 1, 2016, Keefe Bruyette & Woods said it Maintains its rating on Capstead Mortgage Corporation. In the research note, the firm Lowers the price-target to $10.25 per share. The shares have been rated ‘Market Perform’ by the firm.
Capstead Mortgage Corporation (CMO) made into the market gainers list on Tuesdays trading session with the shares advancing 0.10% or 0.01 points. Due to strong positive momentum, the stock ended at $9.76, which is also near the day’s high of $9.82. The stock began the session at $9.78 and the volume stood at 6,22,465 shares. The 52-week high of the shares is $10.64 and the 52 week low is $7.48. The company has a current market capitalization of $937 M and it has 9,59,88,971 shares in outstanding.
Capstead Mortgage Corporation(CMO) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $53.44M. Analysts had an estimated revenue of $55.80M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.23.
Capstead Mortgage Corporation is a self-managed real estate investment trust (REIT). The Company invests in a leveraged portfolio of residential mortgage pass-through securities consisting exclusively of short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by Government-sponsored enterprises (GSEs) either Fannie Mae or Freddie Mac (together the GSEs) or by an agency of the federal Government Ginnie Mae. As of December 31 2014 the Company’s long-term investment capital totaled $1.49 billion and consisted of $1.21 billion of common and $184 million of perpetual preferred stockholders’ equity (recorded amounts) and $100 million of unsecured borrowings. The Company offers residential mortgage securities classified as held-to-maturity.