American Capital Agency Sets Preferred Dividend
Mortgage REIT American Capital Agencyannounced yesterday a second-quarter dividend of $0.50 per share on its 8.000% Series A cumulative redeemable preferred stock that trades on the Nasdaq exchange under the symbol AGNCP.
The board of directors said the quarterly dividend is payable on July 15 to the holders of record at the close of business on July 1. American Capital Agency also pays a regular quarterly dividend payment that it just cut to $1.05. That amounts to $4.20 per share annually, yielding 17.2% based on the closing price of the mREIT's stock on June 19.
The article American Capital Agency Sets Preferred Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.