American Capital Agency Slices Dividend
American Capital Agency is preparing to distribute less of its middle name in the form of shareholder payouts. The real estate investment trust has declared a common stock dividend of $1.05 per share for its Q2. This is to be paid on July 26 to shareholders of record as of June 28. That amount represents a chop of 16% from the company's previous distribution of $1.25, which was handed out at the end of April.
The firm is a regular dividend payer, although its distribution has dropped in stages, from $1.50 per share to the current level, since July 2009.
The new dividend annualizes to $4.20 per share. That yields 16.6% at American Capital Agency's most recent closing stock price of $25.34.
The article American Capital Agency Slices Dividend originally appeared on Fool.com.
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