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Capstead Mortgage Corporation (CMO) announced it will release its Q2 2021 financial results on July 28, 2021, following the close of trading. A conference call to discuss these results is scheduled for July 29, 2021, at 10:00 a.m. ET. Investors can join by calling the designated numbers or accessing the live audio webcast via the company's website. The audio replay will be available shortly after the call and can be accessed through provided numbers. Capstead operates as a self-managed REIT, focusing on a portfolio of residential adjustable-rate mortgage securities.
Capstead Mortgage Corporation (NYSE: CMO) has declared a Q2 2021 common dividend of $0.15 per share, payable on July 20, 2021, to stockholders of record as of June 30, 2021. Additionally, a dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock will be paid on July 15, 2021. The company also reported an estimated book value of $6.57 per common share as of May 31, 2021, which is subject to fluctuations and normal reconciliations.
Capstead Mortgage Corporation (CMO) reported first-quarter 2021 financial results, revealing a GAAP net income of $18.9 million or $0.15 per diluted share, down from $23.3 million or $0.19 in Q4 2020. Core earnings also declined to $17.4 million or $0.13 per diluted share, marking an annualized return on equity of 7.7%.
Book value per share decreased $0.10 to $6.66. The portfolio of agency-guaranteed residential adjustable-rate mortgages (ARMs) stood at $7.4 billion. The company experienced lower yields, averaging 1.38%, and reduced leverage to 6.79 times long-term capital.
Capstead Mortgage Corporation (NYSE: CMO) will release its first quarter 2021 financial results on April 28, 2021, after the NYSE trading closes. A conference call to discuss these results is scheduled for April 29, 2021, at 10:00 a.m. ET. Interested parties can join the call by dialing the respective numbers provided for U.S., Canada, and international participants. A live audio webcast will also be accessible on the company's website.
Capstead is a self-managed REIT focused on investing in leveraged portfolios of residential adjustable-rate mortgage securities guaranteed by government entities.
Capstead Mortgage Corporation (CMO) has declared a Q1 2021 common dividend of $0.15 per share, payable on April 20, 2021 to shareholders on record by March 31, 2021. Additionally, a dividend of $0.46875 per share on its 7.50% Series E Preferred Stock will be paid on April 15, 2021. The estimated book value as of February 28, 2021, is $6.68 per common share. This unverified estimate does not account for quarter earnings or dividends and may vary significantly due to market fluctuations.
Capstead Mortgage Corporation (CMO) reported a GAAP net income of $23.3 million, or $0.19 per diluted share, for Q4 2020, down from $29.1 million in Q3. Core earnings were $19.7 million, or $0.15 per diluted share, slightly lower than the previous quarter. Book value per share decreased to $6.76. Yields on the ARM portfolio averaged 1.55%, a decrease from 1.85%, influenced by lower coupon rates and higher prepayment levels. The company maintained a $0.15 dividend for the fifth consecutive quarter. Secured borrowings amounted to $7.32 billion, with a leverage ratio of 7.26.
Capstead Mortgage Corporation (CMO) will announce its fourth quarter 2020 results on January 27, 2021, post-market. A conference call will be held on January 28, 2021, at 9:00 a.m. ET to discuss the results. Interested participants can dial (877) 505-6547 (U.S.) or join via the live audio webcast on the company’s website. Capstead operates as a self-managed REIT, focusing on agency-guaranteed residential mortgage pass-through securities that have low credit risk, aiming to optimize its portfolio's value through strategic investment.
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.
Capstead Mortgage Corporation (NYSE: CMO) announced its participation in the virtual Southwest IDEAS Investor Conference on November 18, 2020. The presentation will be accessible to registered attendees starting at 7:00 am CST and will be available on the conference site, www.IDEASconferences.com. A webcast will also be available at the same time on November 16, 2020 via the investor relations section of Capstead's website. Capstead is a self-managed REIT specializing in residential adjustable-rate mortgage securities.
Capstead Mortgage Corporation (CMO) reported GAAP net income of $29.1 million or $0.25 per diluted share for Q3 2020, up from $22.7 million in Q2 2020. Core earnings were $19.9 million ($0.16 per share), down from $21.9 million in the previous quarter. The company maintained a $0.15 dividend per share for the fourth consecutive quarter, and book value rose to $6.80 per share. Yields on its agency-guaranteed ARM portfolio fell to 1.85%. Secured borrowings averaged 0.67%. Capstead's portfolio strategy focuses on minimizing risks, enhancing overall returns amid fluctuating mortgage prepayments.
