Dividend-News

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Dividends Are Back

Published Wed, 17 Jun 2020 07:00:00 -0400 on Seeking Alpha

One of the headwinds for mortgage REITs was the fact that a few mortgage REITs still had their dividend payments suspended.
The number of mortgage REITs with suspended dividends declined for both common shares and preferred shares.
One of our expectations came true on 6/15/2020 after the close when NYMT brought back their common and preferred share dividends.
Some major screening tools weren't spotting the new dividend as of Tuesday morning, but it may be fixed now.
NYMT preferred shares have a double ex-dividend date coming up. Two dividends in one day!
This research report was produced by The REIT Forum with assistance from Big Dog Investments.
Your feedback has improved this series week after week. Thank you, readers, for all you do.
Due to the dramatically higher-than-usual volatility in the sector, we’re planning to post this series a little more frequently than normal. That allows us to provide more ratings and ensure readers of our public work still have recent numbers.
The topics we discuss are going to be extremely relevant to the residential mortgage REITs. The table below uses BV as of Q1 2020 (if the company has reported earnings):
Ticker
Company Name
Focus
Price to Trailing BV
BV Q1 2020
Price
(ORC)
Orchid Island Capital
Agency
0.99
$4.65
$4.62
(NLY)
Annaly Capital Management
Agency
0.94
$7.50
$7.07
(CMO)
Capstead Mortgage Corporation
Agency
0.94
$6.07
$5.70
(AGNC)
AGNC Investment Corp.
Agency
0.93
$14.55
$13.49
(DX)
Dynex Capital
Agency
0.90
$16.07
$14.47
(ARR)
ARMOUR Residential REIT
Agency
0.83
$11.10
$9.20
(TWO)
Two Harbors Investment Corp.
Agency
0.75
$6.96
$5.23
(CHMI)
Cherry Hill Mortgage Investment
Agency
0.72
$13.73
$9.85
(AI)
Arlington Asset Investment Corporation
Agency
0.57
$5.28
... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
ORCHID ISLAND CAPITAL 5.58   0.0 -0.29 0.96 17.75
ARLINGTON ASSET INVESTMENT 5.55   0.0 -1.21 0.90 16.58
CHERRY HILL MORTGAGE INVESTMENT 13.52   0.0 -3.91 1.60 14.40
ANNALY CAPITAL MANAGEMENT 8.60   0.0 -3.32 1.20 14.00
NEW RESIDENTIAL INVESTMENT 14.98   18.0 0.83 2.00 13.28
ANWORTH MORTGAGE ASSET 3.39   0.0 -0.98 0.44 13.17
NEW YORK MORTGAGE TRUST 6.14   12.0 0.51 0.80 12.74
WESTERN ASSET MORTGAGE CAPITAL 9.83   10.7 0.92 1.24 12.58
AMERICAN CAPITAL AGENCY 15.64   0.0 -1.54 1.92 12.21
DYNEX CAPITAL 15.16   0.0 -10.26 1.80 12.06
ARMOUR RESIDENTIAL REIT 17.26   0.0 -9.30 2.04 12.03
TWO HARBORS INVESTMENT 13.28   0.0 -2.81 1.60 12.02
INVESCO MORTGAGE CAPITAL 15.18   0.0 -1.01 1.80 11.80
AG MORTGAGE INVESTMENT TRUST 17.47   6.1 2.87 1.90 10.89
MFA FINANCIAL 7.39   10.4 0.71 0.80 10.81
CHIMERA INVESTMENT 19.57   21.5 0.91 2.00 10.23
ELLINGTON FINANCIAL 17.90   16.3 1.10 1.68 9.44
PENNYMAC MORTGAGE INV TRUST 22.24   9.5 2.35 1.88 8.50
CAPSTEAD MORTGAGE 7.41   0.0 -0.86 0.48 6.58
ISHARES FTSE NAREIT MORTG PLUS CAPPED INDEX FUND 41.97   0.0 0.00 0.00 0.00

ORCHID ISLAND CAPITAL - ORC
ORCHID ISLAND CAPITAL - ORC  


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