Capstead Mortgage Corporation Declares a $0.15 Per Share Fourth Quarter 2020 Common Dividend and a $0.46875 Per Share Fourth Quarter 2020 Series E Preferred Dividend
Capstead Mortgage Corporation (NYSE: CMO) announced a fourth quarter 2020 common dividend of $0.15 per share, payable on January 20, 2021 to shareholders of record as of December 31, 2020. Additionally, a dividend of $0.46875 per share on 7.50% Series E Cumulative Redeemable Preferred Stock (CMOPRE) was declared, payable on January 15, 2021 for preferred stockholders of record by the same date. Capstead operates as a REIT focused on residential adjustable-rate mortgage pass-through securities.
- Declared a common dividend of $0.15 per share.
- Declared a preferred dividend of $0.46875 per share.
- None.
DALLAS--(BUSINESS WIRE)--Capstead Mortgage Corporation (NYSE: CMO) announced today that its Board of Directors has declared a fourth quarter 2020 common dividend of
Capstead’s Board of Directors also declared a fourth quarter 2020 dividend of
About Capstead
Formed in 1985 and based in Dallas, Texas, Capstead is a self-managed real estate investment trust, or REIT, for federal income tax purposes. The Company earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, referred to as ARM securities, issued and guaranteed by government-sponsored enterprises, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae.
Cautionary Statement Concerning Forward-looking Statements
This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words “believe,” “anticipate,” “expect,” “estimate,” “intend,” “will be,” “will likely continue,” “will likely result,” or words or phrases of similar meaning. Actual results could differ materially from those projected in these forward-looking statements due to a variety of factors, without limitation, fluctuations in interest rates, the availability of suitable qualifying investments, changes in mortgage prepayments, the availability and terms of financing, changes in market conditions as a result of federal corporate and individual tax law changes, changes in legislation or regulation affecting the mortgage and banking industries or Fannie Mae, Freddie Mac or Ginnie Mae securities, the availability of new investment capital, the liquidity of secondary markets and funding markets, our ability to maintain our qualification as a REIT for U.S. federal tax purposes, our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended, and other changes in general economic conditions. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date the statement is made and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers of this document are cautioned not to place undue reliance on any forward-looking statements included herein.
