Anworth Mortgage Asset Corp Reit (NYSE:ANH) Announces Quarterly Dividend of $0.05

Anworth Mortgage Asset Corp Reit (NYSE:ANH) announced a quarterly dividend on Wednesday, June 17th, Wall Street Journal reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.05 per share by the real estate investment trust on Wednesday, July 29th. This represents a $0.20 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date of this dividend is Monday, June 29th.

Anworth Mortgage Asset Corp Reit has decreased its dividend by an average of 18.9% annually over the last three years. Anworth Mortgage Asset Corp Reit has a payout ratio of 58.8% indicating that its dividend is sufficiently covered by earnings.

Shares of ANH stock opened at $1.70 on Friday. The stock has a 50-day moving average of $1.65 and a 200-day moving average of $2.50. Anworth Mortgage Asset Corp Reit has a one year low of $0.79 and a one year high of $3.95. The stock has a market cap of $168.20 million, a PE ratio of -0.73 and a beta of 1.74. The company has a debt-to-equity ratio of 2.09, a current ratio of 65.24 and a quick ratio of 65.24.

Anworth Mortgage Asset Corp Reit (NYSE:ANH) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Anworth Mortgage Asset Corp Reit had a negative net margin of 43.28% and a positive return on equity of 10.44%. The firm had revenue of ($182.71) million during the quarter.

Several research analysts have weighed in on ANH shares. ValuEngine upgraded Anworth Mortgage Asset Corp Reit from a “strong sell” rating to a “sell” rating in a report on Monday, June 1st. Credit Suisse Group reiterated a “hold” rating and set a $2.25 target price on shares of Anworth Mortgage Asset Corp Reit in a report on Friday, May 8th.

In other Anworth Mortgage Asset Corp Reit news, Director Dominique Mielle bought 1,500 shares of Anworth Mortgage Asset Corp Reit stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $23.15 per share, for a total transaction of $34,725.00. Following the completion of the acquisition, the director now owns 45,000 shares in the company, valued at approximately $1,041,750. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.86% of the company’s stock.

About Anworth Mortgage Asset Corp Reit

Anworth Mortgage Asset Corporation operates as a real estate investment trust (REIT) in the United States. It primarily invests in, finances, and manages a leveraged portfolio of residential mortgage-backed securities and loans that are guaranteed by government-sponsored enterprises, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation.

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Dividend History for Anworth Mortgage Asset Corp Reit (NYSE:ANH)

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