Apollo Residential Mortgage Declares Fresh Dividends

Apollo Residential Mortgage has declared a set of dividends for its fiscal Q1 2013. The company will hand out $0.70 per share of its common stock on April 30 to shareholders of record as of March 28. That amount is the same as the previous dividend, which was dispensed last December. Before that, the real estate investment trust paid $0.35.

Apollo also declared a dividend on its 8.00% series A cumulative redeemable perpetual preferred stock. That payout is $0.50 per share, with payment and record dates matching those of the common shares.

The just-declared common stock dividend annualizes to $2.80 per share, which yields 12.6% at Apollo Residential Mortgage's current stock price of $22.23.

The article Apollo Residential Mortgage Declares Fresh Dividends originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Apollo Residential Mortgage. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.